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CollegeAdvantage has worked wonderfully us. We started saving when our two sons were very young (perhaps age 4 and age 2). We ended up having enough saved for the full four years of college through the years of investing. Any money the boys received for birthday or holidays went into their CollegeAdvantage fund. As the boys grew up this did two things: let them know that we were urging them to go to college and that we were saving to make it happen. As a result, they took their studies at the public schools they attended seriously. Their grades ended up giving them each nice scholarships and the CollegeAdvantage fund helped pay a good portion of the balance.
Our oldest graduated from Ohio Northern University with BS in Mechanical Engineering and then three years later graduated with a law degree from the same university. He is currently a patent examiner at the US Patent & Trademark office in Alexandria, VA.
Our other son also graduated from Ohio Northern University with a Doctor of Pharmacology degree. He went on to complete a one-year residency at the Cleveland Clinic and is currently a clinical pharmacist at the Cleveland Clinic in Cleveland, OH.
Between the combined 13 years of college, we were very fortunate that they never had to get a school loan and graduated debt free. We are so thankful the CollegeAdvantage program worked out so well for us.
We are expecting our first grandchild this July and already thinking about starting a new account. My biggest hope is that the federal government will maintain the law that these 529 plans continue to be allowed to grow tax free. It is a huge incentive for families to save money for college.
Thank you for helping our family.
Roy & Cynthia Anderson
Posted on April 20, 2015