How much have you saved for college?
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Anonymous
| HHI: 200k, 40k in 529, 20k in bonds for 7 and 3 yr olds |
Anonymous
| $335k between two kids; oldest starts college in 7 years; still contributing $17k per kid annually. |
Anonymous
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$51k for a 13 year old
Planning for it to cover at least three years of state school. We will likely have her get Stafford loans each year for the rest depending on the interest rates and student aid. My understanding is if you don't get Stafford loans the first year, then you are not eligible for later years. Current HHI is $165 Since birth, we just been putting in about $2500 a year to get the MD state tax write-off for one parent. |
Anonymous
| I’m also a teacher. Household income is approx. 200k. Have a senior in high school and sophomore in college. 65k each in 529 and cash flowing the rest. (Not an in-state school, but got enough merit that it is costing in-state price for the older one. Younger one will probably do a similar path.) |
Anonymous
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$10k for an 18 month old. Also have a newborn with $500 in her account.
Each account will be funded $500/month - should cover state schools, and we will save additional funds elsewhere once the daycare bill calms down, as the goal is to allow kids to have maximum flexibility on school choice w/o having loans without tying all our money into the 529. HHI is $375k, we are mid 30's. |
Anonymous
Meant to add, we will follow what my parents did - children will take out federal loans and any semester they are on dean's list, we will pay the loan on their behalf. Gives them some skin in the game without porking them over. |
Anonymous
| HHI is $275K and we have $10K saved in 529 for our 2yo. |
Anonymous
| 130k saved for 4 children between 529s and iBonds. HHI is $150k. |
Anonymous
| $66K in 529 for 12 yo. |
Anonymous
| Just came here to ask why you would cash flow any of college? 529 is a much much better option. |
Anonymous
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Currently around $40k per kid for 3 kids avg. age of 8, with 11 years until college starts.
Saving about $10k/kid per year right now in a 529. I figure that will give us approximately $200k per kid if returns are decent. HHI is high, approximately $1M, and we have savings in non-529 accounts. Unsure if it makes sense to increase savings in the 529. No idea if income will still be this high when kids are in college. If so we can pay as we go as well. |
Anonymous
Well, when people mean cash flow, they often mean filter it through the 529 during college rather than pre-save. But there are a few tax credits that are worth more than 529 plans, so for many people it makes sense to cash flow at least some. |
Anonymous
| 30k for each of 3 kids. Ages 9, 7 and 3. HHI $400k (recently). |
Anonymous
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65k for 11yo
HHI 165k |
Anonymous
| 365k(6th grade and 9th grader combined). HHI at 600k, two years ago was around 350k. We will likely get to 400k total enough for two state school tuition and then cash flow if the kids went to private |