[quote=njtosd][quote=scaredyclassic]im suspicious of anything that has to do with the educational profitmaking complex.

in a way, it could keep tuition artificially high, since it motivates parents to take big risks with money to save for tuition.

the bottom line is the price of education is way out of line due to federal subsidies in loans anyway. maybe this is just another symptom of that problem, that is, another tax advantage.

should i be incentivizized to take bigger risks with educational savings to have a bigger pt of cash to pay an even higher tuition bill? sheesh. double or nothing.[/quote]

+1. Have been looking at colleges for my oldest and have been amazed at the (expensive and unnecessary) amenities. Going to college used to be considered a somewhat spartan existence – clearly not anymore. I was just talking to a semi-employed college grad who has $250k in debt – I can’t see how she’ll ever dig out. It’s a mess.[/quote]

I think I mentioned before. My neighbor owns a dental practice and we had a conversation that he mentioned several dental graduates were seeking employment in his office because the graduated with $300-400k in student debt..And with that debt, there’s no way a bank is going to lend them additional money to start their own practice.