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[quote=Anonymous]Hello all, Many people here mentioned 529 for college. I read a lot on this. Most articles talk about how great it is. I understand it is state tax deductible (not federal)? What other advantages for this plan? Would not this limit us to certain schools (say only VA schools, or only public), would not it limit us for financial aid if we were to qualify without it? We have roughyl 12 years to go before college. What if our kids choose NOVA or similar lower tuition college, how do we get our money out of 529 if there is a surplus? When some say "we are fully funded in 529", what does that mean? certain amount?[/quote]
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