HARVARD, YALE, OR YOUR LOCAL COMMUNITY COLLEGE
formulas require that students contribute up to 35 percent of their savings, while parents are only required to supply 5.6 percent of theirs.
Overall, there really is no easy answer. (See Table 9.1 for a com- parison of education plans.) Again, as with diversification, you may find that a little mix of everything is the best option for you. On the other hand, you may discover that the 529 has all the perks you want. Or, you may want to have as much control over the money as possi- ble, in which case either investing under your own name or in an edu- cation IRA would be the best answer.