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Investing Specialists

6 Questions to Ask Before Investing for College

529, Coverdell, UGMA/UTMA, Roth IRA, or ?

Note: This article is part of Morningstar's October 2013 College-Savings Boot Camp special report. An earlier version of this article appeared Oct. 27, 2010. 

We've all heard tales of competitive, well-heeled young parents applying for elite preschools when their children are infants or even still in the womb. But one of my friends upped the ante by saving for her child's college education before she was expecting a baby or even dating her husband.