i gathered from some other posts that it would be disadvantageous to put either of those accounts in my sons name for this purpose... correct?It is desirable that the student to have minimal assets when they fill out the FAFSA.But cap gains taxes and taxes on dividends are better if the assets are in the child's name. (but at a certain amount of income there is the "kiddie tax" rule, so the benefit has a limit)So - pick your poison. :)I'd probably go with in-his-name for first 10-12 years, then pay his expenses from that account, and set aside the same $ in your own name in a separate account.Coverdell is another account option you can look at.http://en.wikipedia.org/wiki/Coverdell_Education_Savings_Acc... It looks like that'd possibly be better - except for the limit on contributions.BTW: If I were you, I'd seriously consider hedging my bets, and putting some amount in a 529 (33%? 50%?). If you're right and you invest well, great, you've got more than if you put it in a 529. If you're wrong, and you don't invest well, then at least you've got the 529 money.