Late for a College Fund... Utah?!

Girs grow quick! Yikes 9 & 7!!!
Even so, we may have a late start but we'll at least make a start!!

College Funds!

Here's my rambling as we research and make a path... while I agree it builds character for the child to save on their own... I do want a strong encouragement to head to college... and a fund in place may hold sway...

ESA or a 529?
An ESA is owned by the child. A 529 is owned by the adult and designated to the child... Dave Ramsey recommends the ESA... while the ELP has said go w/ a 529.

Which 529? There is a plethora of options... too many to even count... in state, out of state, that has left me spinning without clear direction.

I've finally found heads up and determined our look into this arena.

My first resource is the College info Sound Mind Investing... they have been a great resource in the financial waters... I've a membership with 'em and think this is in their public pages!!! (As a member if you join them reference me!!)

Next I looked over Morningstar.com The Best and Worst 529 College Savings Plans
I thought this was a good analysis between 529 plans. I made notes of the best and worst plans.

I compared that list on the ratings at SavingforCollege.com Here's there Top 10 Performing Plans 10.

Finally, that takes us to Utah. Their plan is in the top on both the Morningstar and #3 in the 5 year outlook with SavingforCollege. So I'm confident in our direction. Since Texas has no state income tax the instate appeal is lacking.

Here's the Utah Educational Savings Plan.

All in all I'm hearing a consistent perspective on education that has bent my scope. The specific college does not hold sway... the education is what matters.. not where is takes place... and the higher the cost does not increase the value of the education...

I pray God to lead and guide my girls... and pray we are wise stewards encouraging their future education!! All the while I'm covered up in their current education!! Grace! ss