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Last updateMon, 20 Oct 2014 3pm

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

" If the American People ever allow private banks to control the issue of currency, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered... "

--Thomas Jefferson

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