I am trying to find another savings option besides the 529 and Coverdell ESA plans to fund either of my childrens' education. Are there any low-cost mutual funds I can access via the internet? Any other suggestions?
Those are the 2 tax advantaged programs designed for educational savings. You can invest in anything you want outside of a 529 and call it college savings. Just make sure you understand the pros/cons of the alternatives as well.