The 529 Plan may actually be a life saver for our federal government. The plan instills the value of saving for your child's education. Currently with the federal budget constraints, parents are giving the government, a much needed break from spending funds for education funding.

When the government wrote the 529 Plan into law, it made parents more responsive to funding their children's college education. People now are more willing to talk about saving for their kids' education. The popularity of the 529 Plan is enormous. Parents are calling their brokers about opening up a plan, without even knowing, how much it will take to fund college, in some cases. The larger mutual fund companies and many of your states are running advertisements for these plans.

The government can concentrate money in other areas, including healthcare or Medicare, when parents take the lead in paying for college. The 529 Plan will less financial aid being needed, therefore few loans by Sallie Mae could be defaulted. College Funding would be one less expense our government would have concentrate time and energy on.

The 529 Plan can prevent our government from spending extra money on college education. The plan itself, allows for concentrated savings, that could potentially pay your child's entire college education, depended on the amount invested and its return.

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