Are Your Grandkids College-Bound Someday?

The Problem:
* College students graduate with an average debt of $12,500.
* College expenses have increased at three times the inflation rate.
* Eighteen years from now a public collage education will cost $100,000
   and a private college education will cost $210,000.


The Solution:
State College Savings Programs

    "Today 42 states have [state college savings] plans and eight more will roll out
    versions within a year."
   
                                                         U.S. News & World Report  March 1, 1999


    "The best college-savings program you never heard about keeps getting
    better. As you think about year-end tax moves, consider dropping some cash into
    a state-sponsored plan where money for college grows tax-deferred and may
    garner a fat state income tax exemption as well."
   
                                                                                          Time  January 5, 1999


    "The best potential deals for parents or grandparents are prepaid tuition plans."

                                                                             Newsweek  September 7, 1998


    "The new Education IRA has gotten all the press. But state by state, a
    better savings opportunity is quietly emerging for parents or
    grandparents saving for a youngster's future college expenses."

                                           Kiplinger's Personal Finance Magazine   May 1998

Additional Information:

[* Residency not required]
[** Residency required for prepaid tuition program but not for savings program]
[*** Residency required but details vary from state to state]

Alaska ***
http://info.alaska.edu/ua/swact/

California *
http://www.scholarshare.com/

Delaware *
http://personal441.fidelity.com:80/planning/college/content/delaware.html.tvsr

Florida **
http://www.fsba.state.fl.us/prepaid/

Indiana ***
http://www.che.state.in.us/ifcsp/

Kentucky ***
http://www.kheaa.com/about.html#KentuckyEducationalSavingsPlanTrust

Massachusetts *
http://www.mefa.org/

Michigan ***
http://www.treas.state.mi.us/college/met/metindex.htm

Mississippi ***
http://www.treasury.state.ms.us/mpact.htm

Nevada ***
http://prepaid-tuition.state.nv.us

New York *
http://www.nysaves.org/

North Carolina ***
http://www.collegevisionfund.org/HOME.htm

Ohio ***
http://www.prepaid-tuition.state.oh.us

Oklahoma *
http://www.state.ok.us/~sto/college.html

Oregon *
http://www.ost.state.or.us/prepaid.htm

Pennsylvania ***
http://www.patap.org/

South Carolina ***
http://www.state.sc.us/tpp/

Tennessee **
http://www.treasury.state.tn.us/best.htm

Texas ***
http://www.window.state.tx.us/comptrol/ttf/ttfmain.html

Utah *
http://www.uesp.org

Washington ***
http://www.get.wa.gov/

Wisconsin ***
http://edvest.state.wi.us