How old are your kids and how much do you have saved for each of them for college?

[Anonymous]

Anonymous wrote:We saved some, but it turns out she does not need it: lax scholarship. The investment in club tournaments paid off.

You lucked out. Most of those travel team "investments" don't pay off at all.

[Anonymous]

Anonymous wrote:7 and 10 year old. Zero.

[Anonymous]

How much do y'all plan to save total, as in, where would you stop?

[Anonymous]

24 mos, $0

[Anonymous]

Anonymous wrote:How much do y'all plan to save total, as in, where would you stop?

For my child who will likely start college in 2020, we will likely have about $100K in her account including any earnings. Probably not enough, but that's what it will be.

[Anonymous]

Anonymous wrote:How much do y'all plan to save total, as in, where would you stop?

In specific college accounts (like a 529)? We plan to stop at $150k and let it ride. We have other non-college accounts that we can tap if that isn't enough, but we don't want to over find college specific accts.

[Anonymous]

Anonymous wrote:How much do y'all plan to save total, as in, where would you stop?

I'm going to save enough in a 529 for four years of in-state tuition, room/board, and fees. After that I'll just do general savings in taxable accounts. If DS goes the private school route I'll do my best to supplement.

[Anonymous]

We have twins, but luckily my husband gets 50% tuition remission for their college expenses. Saves us lots of stress!

[Anonymous]

Anonymous wrote:We saved some, but it turns out she does not need it: lax scholarship. The investment in club tournaments paid off.

I call BS. LAX scholarships for girls don't fund full rides.

[Anonymous]

$97K for the 14 year old

$89K for the 11 year old

[Anonymous]

9 y/o: Purchased 8 semester prepaid plan earlier this year with 529 proceeds. Have another $5500 saved in a 529 and are currently saving $500 per month. The plan is to have projected room and board costs saved when DC starts college plus another $100k toward graduate school.

7 y/o: Have $55k saved in 529 and are currently saving $1000 per month. The plan is to try and save the projected all-in costs of 4 year private university (approx. $500k). If 9 y/o does not use the prepaid plan, I will transfer it to the 7 y/o and transfer some of the 7 y/o's 529 proceeds to the 9 y/o to cover tuition. If the 7 y/o doesn't use the 529, it gets cashed in and applied to tuition. b We live in VA and figure there is very good chance at least one of our children will attend one of VA's fine institution of higher education.

[Anonymous]

9, 12. $0.

I paid for all 3 of my degrees on my own. I worked full time while in school. I valued my degrees and worked my ass off. My bothers joined the military and used the GI bill. My sister paid for her bachelor and masters degrees.

[Anonymous]

Anonymous wrote:9, 12. $0.

I paid for all 3 of my degrees on my own. I worked full time while in school. I valued my degrees and worked my ass off. My bothers joined the military and used the GI bill. My sister paid for her bachelor and masters degrees.

I have 3k for my 4yo. Paid my way through and there wasn't an expectation of my parents contributing at all. I save what I can, but focus on covering my own retirement first instead.

[Anonymous]

Anonymous wrote:9, 12. $0.

I paid for all 3 of my degrees on my own. I worked full time while in school. I valued my degrees and worked my ass off. My bothers joined the military and used the GI bill. My sister paid for her bachelor and masters degrees.

My parents paid for my college degree 100%. I valued my degree as well and also worked my butt of at school. Paying for ones college does not make one value it any more than someone who does not have to pay for college. Being raised by parents to appreciate what you are given is more important than what you are (or are not) given.

[Anonymous]

Anonymous wrote:

Anonymous wrote:9, 12. $0.

I paid for all 3 of my degrees on my own. I worked full time while in school. I valued my degrees and worked my ass off. My bothers joined the military and used the GI bill. My sister paid for her bachelor and masters degrees.

My parents paid for my college degree 100%. I valued my degree as well and also worked my butt of at school. Paying for ones college does not make one value it any more than someone who does not have to pay for college. Being raised by parents to appreciate what you are given is more important than what you are (or are not) given.

+1

My parents put their six children through private colleges and universities, debt-free. They were not wealthy but they were very hard-working and placed a priority on quality higher education.

We all understood that school was expensive and that my parents had worked hard to make sure we were educated. We were all expected to work and contribute to tuition and to our living expenses, and we did.

And in the end, we were all very well-prepared for life and very grateful to our parents.