I am still a long way from catching up on this thread, but I have to share an experience.
Well, first I have to tell you that my daughter got accepted to TCU and got a faculty level scholarship. She'll now have to decide between three and maybe four schools (waiting to hear from one).
But for those of you with young children, please start a 529 plan to pay for their education (if you intend to help). We started one in 2004. I won't tell you what we put into it, but for every $1,000 we have put in, the value is now $2,700.
We didn't put all of the money in when started, either. We have made contributions at various times. To get 170% return over even 15 years and to have all of the withdrawals tax free when used for educational purposes, it's stealing money.
I'm just amazed at what this is worth. And if you live in a state with income tax, contributions may be tax deductible too.
Do yourself a favor and look into this...
#hasmsp_knowledge