Which investment vehicle is likely to yield the greatest long-term growth for a college savings plan?

Investing in common stock is likely to yield the greatest long-term growth for a college savings plan due to its potential for high returns over time. Common stocks represent ownership in a company, and as companies grow and become more profitable, the value of their stocks generally increases. Additionally, stocks can also provide dividends, which can further contribute to overall growth.

Historically, the stock market has outperformed other investment vehicles over extended periods, making it an attractive option for long-term investments, such as saving for college. While the stock market can be volatile in the short term, over the long term, the compounding growth of reinvested dividends and price appreciation can significantly enhance the value of the investment.

In contrast, savings accounts, certificates of deposit, and money market accounts typically offer lower returns. These options provide stability and security for principal investment; however, their growth potential is limited, especially when compared to the historical performance of common stocks. While they may serve well for short-term savings or emergency funds, they are not as suitable for long-term growth aspirations like those of a college savings plan.