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Prepaid college plans: shrinking options, rising risks

Graduating students listen to President Obama speak during commencement at the University of Michigan(Reuters) - Jim and Celeste Durkin thought when they began investing six years ago in Illinois state's prepaid college savings plan that they were locking in a bargain price if their daughter Caroline, who is now 10, eventually attended the University of Illinois. That might not be the case. The plan took some risky bets on private equity and hedge funds and is now 30 percent underfunded and temporarily closed to new investments. ... Read Full Article

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" No country upon earth ever had it more in its power to attain these blessings than United America. Wondrously strange, then, and much to be regretted indeed would it be, were we to neglect the means and to depart from the road which Providence has pointed us to so plainly; I cannot believe it will ever come to pass. "
--George Washington, letter to Benjamin Lincoln, 1788
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