What 529 plan are you recommending. I have read that you do not recommend Brightstart or College illinois. My son had very little colege debt, i would like my granddaughter to have the same advantage. Thank you
Terry Says: I always put my money where my mouth is! When my brother had a baby a few years ago, I opened a 529 account at Vanguard for my new nephew. The costs are low, the performance is good — but you don’t get a deduction on your Illinois state income tax (and I’m assuming from your question that you live in Illinois). I would definitely NOT use the prepaid tuition CollegeIllinois plan — because I’m very concerned that the state might not be able to make good on its promises — considering the huge financial mess in Illinois. To compare performance and costs of all 529 plans, go to www.SavingforCollege.com.