What happens to those college fund saving accounts if the intended decides not to go to college?
The odds seem for this to happen. Less than 25% of American adults have a college degree, so the means 75% either didn’t, or shouldn’t have, gone to college. I just wonder if it makes more sense to put that money into a dedicated account at your bank so you have more control over what is your money. So if the kiddo, at 17 or whatever, looks into it and decides against, you have a bankload of unearmarked money.
This question is in the General Section. Responses must be helpful and on-topic.