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Old 01-03-2007, 05:55 AM   #3
FlDebra
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Join Date: Oct 2006
Location: FL
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I have a 529 plan AND a prepaid college plan for our youngest. I would definately check your state out. With the inflation of college costs I figure we are going to save huge on the prepaid college plan. The 529 plan allows him a little more leeway on how the money is spent, but we have not put a lot in that plan (it is not making any money at this time). We just went the additional step this year and prepaid his dorm fees for a year. Florida has a scholarship program (good grades and SATs) and I am sure my son will get it. But at one time they were talking about not knowing if it would always be available and there are some restrictions to it. I figure now we have covered all bases. Now he tells me he is going to get a sports scholarship -- so far he has done whatever he has set out to do -- so I do not doubt him.

Good luck!
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