Doing the same, although we are putting in $515/month

for both kids. Which should cover them by the time they are 18 or so say the calculators.

I liked the ability to manage when I put in the money (automatic now) but can delay or cancel any time, skip months, etc.

Flexibility to use the money for out of state tuition.

AND

Most important if there is a bubble burst and college costs come way down I don't know how those pre-paid plans work, are you stuck paying the agreed upon amount or will they reduce or return some of your money.

FYI, calculators stated 200K for each kid, they were born in 2013, told needed $511 per kid per month put away in the 529 when we started around 2 years old. Been putting $515 in each month.

HokieForever

In response to this post by vtbones

Posted: 08/23/2016 at 2:17PM

Who here has used the PrePaid VA529 plan for their kids' college? -- vt_mughal 08/23/2016 12:22PM

Started with VA 529 mutual funds. When the investments went . . . -- GOHOKEE 08/23/2016 4:23PM

Bought 2 VA 529 PrePaids (more) -------------> -- FfxStationHokie 08/23/2016 12:37PM

^^^This^^^ Incredibly easy to use once it becomes time to pay. ** -- RhinoVT 08/23/2016 1:34PM

I bought three VPEP plans - crazy price increases ---> -- GoTechGo 08/23/2016 1:07PM

$1315/month or $67800 lump sum -- vtbones 08/23/2016 4:04PM

Many states ended their prepaid plans -- WestyHokie 08/23/2016 1:01PM

Personally I think it's prohibitively expensive now. -- vtbones 08/23/2016 12:50PM

Doing the same, although we are putting in $515/month -- HokieForever 08/23/2016 2:17PM

This is one thing I wonder as well. What happens if there is a surplus? -- vt_mughal 08/23/2016 2:37PM

I think they keep it per the contract.... -- HokieForever 08/23/2016 5:21PM

Doing the same, although we are putting in $515/month

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