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[quote=Anonymous]OP, back to your original question (if you are still around, I realize this thread was started almost a month ago), we are a family  considering the very same question.  DH is Dutch, kids have dual nationality.

We have been saving in 529 - we started only a couple of years ago (didn't have the ability before then) and our kids are 13 and 10 now.  You don't mention if you have more than one child, but one factor in favor of 529 plan is that if you don't use the $ for one child, it can be used for the other.  Also, I believe it can be used for any qualified educational expenses, so that includes grad school (and possibly private high school).  We are not saving beyond the cost of attendance of our instate flagship (UMD).

Our thinking is that if our older child ends up studying overseas at an "unqualified" school (where we can't use 529 funds without penalty), he most likely would return to US for a grad degree (or otherwise do a grade degree outside the US at a "qualified" school where we can use the 529 funds).  (From what I can tell, there's doesn't seem to be a whole lot of rhyme or reason as to which schools are "qualified" - many in UK seem to be; it used to be that the university colleges in the Netherlands were (but they now mostly seem not to be); and it keeps changing.)  And if the older kid doesn't use his 529 funds, we could use them for the younger kid.

We have figured out that attending college in the Netherlands would be cheaper than UMD (we are in state).  Unlike some countries, at least for now Netherlands treats its nationals alike, whether they are resident or non-resident.  So that means our kids would pay regular Dutch/EU tuition (not the higher international tuition).  Even factoring in travel, still ends up being significantly cheaper than in-state at UMD.  It is even possible to get a us-style liberal arts education in English in the Netherlands now, with the advent of the "university colleges" (Utrecht, Roosevelt, Groningen, Leiden-Hague, Maastricht, Amsterdam all have these honors programs now).
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