How much have you saved for kids college?

[Anonymous]

Anonymous wrote:5 year old with $52k, 3 year old with $33k. We contribute until they have $50k in the account and then stop. We contributed $250/kid/pp since birth. For DC1, now we save that same money in something that can be used for retirement or college.

What is the 50K based on?

[Anonymous]

Age 7, about 80K.

[Anonymous]

7 year old 35k
5 year old 20k

[Anonymous]

Age 15, it was $80k, but in April I fell in love with a beautiful blue BMW and I just had to buy it. So, I borrowed $60k from her grandparents funded education fund. Now it's down to $20, but I'm sure I'll be able to pay it back before college in about three years.

[Anonymous]

3 year old. Prepaid plan. Costs around 3400/year. Total of 17 payments required. We do about another 2-3k annually for misc stuff. The rest will come out of the household budget when the time comes. I would have to feed him anyway right?

[Anonymous]

Anonymous wrote:Age 15, it was $80k, but in April I fell in love with a beautiful blue BMW and I just had to buy it. So, I borrowed $60k from her grandparents funded education fund. Now it's down to $20, but I'm sure I'll be able to pay it back before college in about three years.

God, the trolls are getting lazy these days.

[Anonymous]

Anonymous wrote:3 year old, 4k and we feel pretty damn good about it

Same!! Plus we also have a 2 yo with the same amount.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Age 15, it was $80k, but in April I fell in love with a beautiful blue BMW and I just had to buy it. So, I borrowed $60k from her grandparents funded education fund. Now it's down to $20, but I'm sure I'll be able to pay it back before college in about three years.

God, the trolls are getting lazy these days.

It is the end of summer. We expect them back on top form in 2 weeks.

[Anonymous]

At what $$$ amount do you expect to stop? (ie., How much is "enough"?)

[Anonymous]

We have $95K for our four year old.

Probably going to hold for five years then revisit to see how things are progressing at that point.

[Anonymous]

2 year old - 13K
4 month old - 500.00

[Anonymous]

$200K but we're unexpectedly spending it on high school for 2 children.

[Anonymous]

$260K in 529s for 3 kids aged 15, 13, and 11. Now saving $1750 per month. Actually dipping into savings to do this since gains are not taxed as long as they are spent on college.

[Anonymous]

I don't have kids yet. Not sure I will even save any for their college and we save over half of our salary. The tuition increases eventually have to stop and it seems like it's a huge bubble.

[Anonymous]

When out young children are college age there will be many more, and better fitting, alternatives to traditional college.