I don't know what to do on this one.
The The Utah Educational Savings Plan encourages people to save for college. I agree with this message wholeheartedly. The program is administered by a political group (The Utah Board of Regents) as such it gives special 529 tax savings. Basically, you don't have to pay capital gains tax on profits from the investment if you use the investment for education.
It looks like the money will actually be invested with the multi billion dollar Vanguard Group investment funds. The UESP web site brags that they have already transferred over $2 billion in savings from smaller independent banks or independently owned stock to the massive Vanguard Investment group.
I love the message that people should save for college. The site tears my heart apart, however, because it is using special tax breaks to transfer savings from the financial instruments of the family's choice to one of these mixed government/private sector investment schemes.
It is like so many of the bastardized plans that come out of the government. I love the intention but see the implementation as something that does great harm.