Soaring tuition costs have become a concern
not only for Virginia and Maryland families dropping their kids off at
college next month, but for those whose children are just starting
kindergarten.
The number of Virginians investing in
state-run savings programs to help pay for college down the road dropped
70 percent over the last nine years, from more than 10,000 in 2003 to
about 3,000 in 2012. In Maryland, participation in the so-called prepaid
tuition 529 programs dropped by more than 45 percent, from 4,300 in
2003 to 2,300 in 2011, the latest year of available data.
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Well, after seeing the facts that the retirement funds of government workers have been spent elsewhere and now not available to pay what's been promised, why on earth would I pour money into a government savings plan for 18 years on a promise that there will be enough in the fund to cover tuition? How much will tuition be in 18 years? 4 million dollars? And with 20% of us not able to find work, what money do I use to put away for the future?
ReplyDeleteAND, I'll add, my daughter graduated after 4 years of college and got a job in her field at the salary if $12.50 an hour last year! WOO HOO.
ReplyDeleteBoy, that was something to save up for!