Reply to Va Education Savings Trust vs. Va Prepaid Education Program

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Reply to "Va Education Savings Trust vs. Va Prepaid Education Program"

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[quote=Anonymous]The price difference for my kids on the prepaid -- DC1, entered prepaid tuition at age 2, paid out over 16 years monthly, so 4 years of college available at age 18 -- -that cost $150 per month for 16*12 months.  DC2, entered at 6 months (about 1 year later), paid out over 17.5 years monthly, so 4 years of college available at age 18 -- that cost $181 per month for 17.5*12 months.  That was the difference in cost change based on what happened in about one year.  In other words ... with the prepaid you get AT LEAST what you will get in the VSCP, but much more if your child wants to go to a VA state school (and sorry, I cannot agree that any budget cuts will ever make UVA, William & Mary, VA Tech, or other schools "bad" schools).  If your child wants to go to some other school, your VPEP funding is basically the same as if you had started with a VCSP.  No brainer really, if you are interested in VA plans (i.e., VA resident and get the tax break).  If you want other plans, look at the Independent School 529 or other plans.

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