Maryland Prepaid College Account vrs. other 529?
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
|
There is an open enrollment period for the Maryland Prepaid College Trust and I am wondering whether we should enroll our 9 yo. We have been saving money since her birth in a 529, but at this rate, we are still woefully short. This seems like a great option, but maybe I am missing something? Or, should we just stick with our 529 contributions and up them when we are able to? Any insight?
|
Anonymous
| We choose the prepaid and are glad we did. If your investments tank with a 529, you are pretty much up a creek. After you pay off the prepaid, then do a 529 as the prepaid only covers 4 years of tuition (depending on the plan you choose) and you still will owe room/board and books. |