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Detailed text transcripts for TV channel - CNN - 20110411:11:53:00

plan that allows parents to purchase units now and bypass higher tuition later. this mom tweets from florida, i have pre-paid the college tuition for my two boys. florida's program is great. it freezes the cost at the time you sign up. her sons are now 13 and 15. i signed up for the when they were 8 and 10 and now it's all paid up. a great feeling. but some states are no longer taking new enrollments and market fluctuations and state bigot crisis have raised concerns about the future of some other programs. but what happens if your child doesn't go to the state school, as planned? >> generally speaking, if you don't use those accounts, if you don't use those resources for approved educational expenses, so tuition, room and board, and any fees that that university would charge, you can, in some states, port that over to another sibling or another family member. so there is some portability plans for some 529 plans. >> i'm very excited to just get going, to know the day that i'll

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Detailed text transcripts for TV channel - CNN - 20110411:16:55:00

now and bypass higher division later. this mom tweets from florida -- i've prepaid the college tuition for my two boys. florida's program freezes the cost at the time you sign up. i signed up for the plan this when they were 8 and 10 and now it is all paid up. a great feeling. what happens if your child doesn't go to the state school as planned? >> generally speaking if you don't use those accounts, if you don't use those resources for approved educational expenses, so tuition, room and board and any fees that that university would charge, you can in some states put that over to another sibling or family member. there is some portability for some 529 plans. >> i'm very excited just to get going, to know the day that i'll start orientation, to know who my roommate's going to be and to know that my mom and i will be able to afford a college

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