Final answer:
529 prepaid tuition plan allows families to pay for future college costs at today's rates by purchasing tuition at current prices, protecting against inflation.
Explanation:
529 prepaid tuition plan is a way to pay for future college costs at today's rates. It allows families to purchase future college tuition at today's prices, protecting them from tuition inflation. By utilizing this plan, families can secure education costs early on and avoid potential price increases.
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