GAO report: College savings plans benefit the rich


Few families are participating in a federal program designed to help parents and grandparents save money to pay for their children's and grandchildren's college education, the Huffington Post reports. Those who do are primarily wealthy, a December report from the Government Accountability Office finds. Fewer than three percent of families participated in a 529 college savings plan or a Coverdell Education Savings Account in 2010. Of the three
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