Jim Peterson
Marketing Manager, Michigan Education Trust (MET)
March 9, 2015

During the course of any conversation I have concerning saving for college with a 529 plan, parents will inevitably ask, “What happens if my son/daughter gets a scholarship?” I understand the question; it’s a valid one. Parents are considering investing their hard-earned money and they’re looking at all the possible outcomes that may affect their investment. Those are important questions to ask.

But, if you’re a parent that’s putting off saving for your child’s education because you believe your child will attend college on an athletic scholarship, let me share a word of caution – the thousands of dollars you spend in supporting your student athlete will, most likely, not translate into college dollars.