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Business
Grandparents now saving for collegePublished 09/13/07
Melanie and George Owen of Gambrills wrote checks for college tuition years ago and the investment paid off: Their eldest daughter, Heather, graduated from the University of Delaware, then headed to Northwestern University. Her younger sister Erin went to Western Maryland College.
Now Mr. and Mrs. Owen are investing in college costs all over again - for their grandchildren.
As Maryland politicians consider raising in-state tuition by as much as 5 percent to cope with the state's $1.5 billion deficit, experts say an older generation is investing in tax-free 529 accounts to help their grandchildren with higher education...
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