Prepaid college tuition plans are no longer the surefire solution to runaway tuition costs they once seemed.
The mostly state-sponsored plans were designed as a way to save for college by locking in at least a portion of future tuition at today’s prices.
The premise remains sound: Pay now to minimize the shock of rising costs. After all, tuition has increased an average 7 percent annually since 1990 and shows no sign of slowing down.…Read More