Mark Kantrowitz is a nationally recognized expert on financial aid and paying for college. Here’s what he had to say about the recent market downturn and how that might impact families’ college savings plans.
“Typically, parents with 529 accounts, the tax-advantaged college savings plans, are making a flat monthly contribution into those accounts. That means that when the market is down, they’re getting more shares for their buck than if the market was higher, said Mark Kantrowitz, a financial aid expert. ‘If you think that the market is going to go down and continue going down forever until it hits zero, then maybe you should be worried,’ Kantrowitz said. ‘But if you think this is a momentary blip and then eventually the market is going to recover then you should continue investing.’”
The rest of the article is here.