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Check to see if your state sponsors a pre-pay tuition plan. To my knowledge, Congress hasn't provided any tax breaks for these plans yet. However these plans allow you to buy tuition credits at "today's" prices for you or your child to use later on.

Is it Foolish? Maybe not. Your letting someone else do the investing to cover the cost of the tuition later on. BUT you purchase X number of credits now and will receive X number of credits +/-18 years from now regardless of how well the investments do (check your state's plan to be sure). Use the projected costs of college and compare what you must invest on your own vs. paying for tuition now.

It's one other tool in the college funding toolbox that maybe availible to you. It's worth evaluating.
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