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Obama tries to coax the middle class into saving for college

Source: L. A. Times Posted By: Nishel R...3320 days ago

Dismal college savings statistics among middle-income families have the Obama administration pushing for a series of changes to so-called 529 plans, the cornerstone of tax-favored higher education savings accounts.

But industry experts gave the proposed changes mixed reviews, saying they were more positive about the potential than the particulars. Some said the proposals from a vice presidential task force went too far; others said they didn't go far enough.

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