Things I found really, really silly this weekend: This doomsday-sounding article from CNBC titled "529 Plans Won't Cover the Cost Anymore."
Quick synopsis: 529 plans (like investment vehicles everywhere and, say, the global economy) have performed poorly. College is expensive. But, unless you're really lucky/rich, they weren't supposed to fund an entire education anyway. Wait, some 529s offer age-based options and they certainly get you in the habit of saving for college. And, in any economy, you should be looking for scholarships and grants too.
Since this is a blog and not a policy paper, I can say the following:
Perhaps this is another case of headlines gone horribly awry, but I feel like the premise of the article is not only odd, but dangerous. Of course many families are unable to save enough in a 529 plan to fund an entire education (which makes the 'Anymore' in the title seem beyond goofy). Of course a student should be seeking out scholarships and any form of aid he/she can find. Of course savers should be more vigilant about their mix of investments in this market.
But why make it seem as though 529s are out of favor for half of the piece, or worse, make it seem like a family shouldn't consider utilizing their many advantages?