The MONEY article about QSTPs does not report the following:

1. The plans can cover other costs not just tuition.

2. Donors are not limited to$10,00 per year per donor,and in some plans can provide up to $50,000 per beneficiary per donor ($100,000 per H&W),all of which is treated as a "completed gift." (present interest).

3. The donor retains control;decides when and how much is to be disbursed. Donor can even reclaim the funds, subject to a penalty assessed on the earnings portion only, plus tax on the earnings.

4. When disbursements are made,they are currently taxed at the BENEFICIARY'S (the student's) rate, not the Donor's.

5. The plans are very useful in Estate Planning.

6. The Donor can even name self as a beneficiary.