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College and University Discussion
Reply to "I'm glad I bought in the VA prepaid"
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[quote=Anonymous][quote=Anonymous]I'm thinking this look more and more like a good idea. Obviously the earlier you lock in the better the deal, but you are taking away some of your child's school choice. How did you guys know it was the right fit for you?[/quote] Two things: 1. Realistically, based our our income, state school was always going to be the most likely choice. I don't feel like I'm doing wrong by my child. There are some annoying aspects of living in VA, but it has many strong public college options. 2. It doesn't actually lock in my child. The way the VPEP plan works, you can always just take the money and use it at a private or another state's school. You won't get the guaranteed tuition rate, but you'll have money saved up to pay for college, just like any other 529 plan. So, if my kid gets enough scholarship/aid from a non VA state school to make it work, they can still go there. That was our how we settled on VPEP.[/quote]
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