Besides increasing savings to the 529 plan, what is another possible option to increase the probability of Alberto's Education funding?

• A. Attending a more affordable college
• B. Increasing the cost of tuition
• C. Taking out more student loans
• D. Decreasing overall savings

Answer: (A)

Lowering the amount you must fund directly through savings or loans makes it much more likely that what you’ve saved will cover the bill. Attending a more affordable college reduces the total cost of attendance, so the 529 plan savings can go further and potentially cover a larger share of expenses without increasing debt. The other options would raise or redistribute the burden rather than ease it: higher tuition costs would require more funds, taking out more loans adds debt to repay, and decreasing savings directly reduces the money available to use. By choosing a less expensive college, Alberto improves the odds that his current savings plus any aid will sufficiently fund his education.