With the cost of college continuing to soar, many parents worry a great deal about how to afford it. A 529 plan is a great start for most parents and even grandparents. Some things to consider are:
· Start saving early.
· Consult your tax accountant to see if your specific state offers a state tax deduction.
· Compare the fees associated with different plans. Since saving for college tends to be a long-term investment, fees can make a big difference over long time horizons.
· Choose a plan that offers a wide range of investment options.