Intelligence

U.S. News & World Report: Is Investing for College Futile?

Lou Carlozo, an investment contributor for U.S. News and World Report, is working on a story about 529 plans and investing for college in general. With tuitions rising at more than eight times the rate of inflation – and student loan debt at soaring, record highs – it seems only an early stage investment in bitcoin or Google could handle the cost. Why even try–and if so, how? This story hopes to address that question. Please reply to some/all of these questions *via email* by 1 p.m. Eastern time Friday, Jan. 19. Include the *official title* of the person replying and where they are based. 1. If college tuitions have risen so meteorically, there must be something or some people to blame. Who or what might that be? 2. Can a 529 plan even hope to make a dent in college costs, especially if you don’t undertake it from a child’s birth? 3. Is there a wise investment strategy that can help parents – *here I mean for the majority of parents who get a late start* – given their bills and obligations? 4. What secret sources of funding and scholarships might there be? Financial aid doesn’t seem to be any better, as it is still debt. 5. Is there also an argument for parents – who don’t want to saddle their kids with crippling debt – not to invest at all and send their kid right into the working or tech worlds? Lack of college never seemed to hurt Steve Jobs, Bill Gates or Mark Zuckerberg. 6. What’s the best, most proactive advice you can give parents that might help them surmount the college debt hurdle? 7. Do you have any relevant stats – especially from college several generations ago – or anything else to add? Due to the volume of anticipated answers, I won’t be able to use/answer all replies, but I will do my best. I look forward to making new friends in the PR world in 2018!