You may participate in the Path2College 529 Plan by payroll deduction. The program, known as a 529 Plan and administered by TIAA-CREF, allows you to set aside money for higher education expenses - for your children, grandchildren, or other beneficiaries of your choice (including yourself). Under current law, any earnings grow tax-free in the account and are tax-free when withdrawn and used for education purposes. You may also be eligible for a State tax deduction for such contributions.
Participation in the Georgia plan does not mean that the beneficiary must attend college in Georgia; the fund may be used for qualified higher Ed expenses at accredited postsecondary institutions across the country. Accounts can be opened with as little as $25 per investment option and have high allowable total limits (more than $200,000). A variety of investment options are available.
To Open an Account: http://www.path2college529.com/