Prepaid plans could solve college funding problems

Here's a recent blurb regarding college planning from The Miami Herald.

Mention that you need to start saving for your child's college tuition and you will hear the same advice from many financial planners: Pay for it in advance.
``Step one is, if you can lock in your costs at today's prices, do it,'' said Cathy Pareto, a certified financial planner in Coral Gables.

That's because the costs of college are rising at a staggering pace -- and far faster than the rate of inflation, Pareto said.

Just this year, the state raised tuition at all public universities by 8 percent and every university then raised tuition another 7 percent -- a one-year increase of 15 percent.

Read more.

http://www.cathypareto.com