National Public Radio
Morning Edition, May 20, 2009 · This is the season when students graduate from high school and their parents worry about how to pay for college.
Many hope to benefit from a tax-free fund designed for college savings called a 529 plan. Over the past couple of decades, Americans have put about $80 billion into these funds. But Greg Brown, who works for the independent investment research firm Morningstar, argues 529s have serious flaws.
"The problem with 529s is that they add a layer of complexity and confusion that really … doesn't need to be there," Brown tells NPR's Steve Inskeep.
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