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[quote=Anonymous]Please make use of the following report if you are considering VA pre-paid plans.  Particularly, look at p. 6-7 where it shows the increases in tuition/fees over the past 10 years.  The average increase over that time span was approx. 10%.

Even if you assume a very low 5-6% average increase over the next 10 years, you would reap a savings of about 7000 dollars by doing the Va Prepaid plan today.  The cost of the pre-paid plan today is $13,300.  The average cost of tuition in-state is about $11,000 (today).  If you apply the 6% increase to the $11,000 tuition for ten years, you end up with tuition above $20,000.  So, you will have paid $13,300 for tuition that will cost you over $20,000 in ten years.

http://www.nrao.edu/admin/hr/docs/tuitfeesreport.pdf

That's why pre-paid makes  A LOT of sense if you are willing to put your child in a Va. state school.  You don't lose the money if they go out-of-state, but you aren't getting a lot of return on it either.  [/quote]

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