It depends upon the college plans and the investment needs and goals of the family. Most states have created innovative college savings programs individually designed to reflect the unique needs of its citizens. The plans offer affordable, flexible, and tax-advantaged options that can ensure the education of our most precious resources - the children of America. While prepaid tuition plans offer the opportunity to assure future tuition payments, savings plan assets can be used for tuition and other qualified expenses such as room and board. Some states offer their citizens both types of programs, giving families the option to choose the 529 plan that is right for them.