Word: prepayments
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Dates: during 2000-2000
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...right. Most states sponsor 529 programs that let you either prepay tuition for qualified universities or save funds in tax-deferred accounts for higher-education costs. And you don't necessarily have to live in the state whose plan you choose. Unlike other college-savings plans, 529 programs let you put away huge sums of money--more than $100,000 in some states, vs. the $500 annual contribution for an education IRA--and they generally have no income or age limitations. If you're thinking about going back to school, you can even set up a plan for yourself...