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A few years ago I was involved with a survey of parents of college students and one of the questions asked was whether they saved in their child's name, and if so, did they regret. 7% of the respondents had regrets--so for those bound for college, it appears to be a minor, if occasionally real, problem. (By the way, we found a substantial portion of folks who were pleasantly surprised by the amount of grants and scholarships their children received--all of them in the family income of $35k or less.) I've personally stopped adding to my kids' UGMA accounts, but continue to max out their Ed IRAs--with the goal of the using the full $2k next year.

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