May 21, 2008

Advocates of College-Savings Plans Hope to Cash In on Credit Crunch

By Eric Kelderman

Washington

Advocates for state-sponsored college-savings plans are seeking to use the ongoing credit crunch as a wake-up call for parents and policy makers about what they see as the need to shift away from the growing rate of borrowing among families seeking to cover rising college costs.

In the long run, savings are the best way for most families to avoid having to worry about the burdensome costs of private borrowing coupled with the uncertain availability of student loans, said Peter

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