Started with VA 529 mutual funds. When the investments went . . .

higher to equal the value of the Prepaid Plan, I bought what is now eight semesters each for two kids. Just had one of the kids enroll in college. Filled out one simple online VA 529 form (intent letter) and the semester of funding was sent to the college. Note: Prepaid only gets applied to tuition and fees. Working out the numbers, the cost of tuition and fees ended up being $864 higher then what I paid for one semester. Couple that with the appreciation of the initial mutual funds and the tax break, I'm money way ahead. Looking back now that I'm actually using the VA 529 plan, I don't think I would have changed a thing. It's worked out very nicely. Hope this helps and good luck.

In response to this post by vt_mughal

Posted: 08/23/2016 at 4:23PM

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

Started with VA 529 mutual funds. When the investments went . . .

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