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College and University Discussion
Reply to "Parents Paying for College is Real Reason College Has Become Unaffordable for Many"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]529 are also a culprit. Colleges know how much money is invested in those accounts and price accordingly.[/quote] This may be true of people on the margin, but once you're above a certain level of income and assets in a brokerage account or other investments, you need a 529 plan because you're not getting aid. [/quote] 529 is a savings account rather. It's a bad deal compared to a regular investment account. Kid will pay for his own semester from his tax refund. He will be independent, poor, and living in a different state from parents. We cannot use 529 or he wouldn't get such a large refund in April. People don't understand what they give up when they save in 529.[/quote]
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