While separate accounts are now possible for more Americans, who are flush with bull market bootie, they aren't feasible for someone who can scraptogether only the bare minimum investment.
Of course, even if you're lucky enough to be a six-foot-four, 300 pound, left-handed Van Valkenburg with five amateur radios, it's unlikely that you'll scraptogether enough in scholarships to pay for one year of college tuition, room and board.