College savings plans let families control costs

Published: Tuesday, Dec. 31, 2013 - 9:10 am

Re "Aim college-savings tax break at families that need it most" (Viewpoints, Dec 10): Rachel Black might be a senior policy analyst, but it doesn't mention if she is the parent of a college age student. I am ... and I would recommend that she be mindful of the unintended consequences of blaming the wealthy for their wealth. If the idea is to get more eligible students into college and find away for families to take control of the costs, the 529 account is a good incentive. I started a 529 account when my daughter was born. Would Black rather have the wealthy pay for themselves through tax-free accounts or find another way to have college paid for. The wealthy can always find a way. Just wait until you fill out the federal student aid application and discover that you, a retired civil servant, and your wife, a medical clerk, are so wealthy you qualify for exactly zero financial aid.

-- Richard W. Copp, Sacramento

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