MS parents: How much have you saved for college (529, etc.)?

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have 20,000 so far and I know we are very behind. How much do you have and what is your strategy?

As a point of reference for you:

My DD is OOS, at a state school. She is finishing up her sophomore year. We started out with $80K, she has $14K left in her 529. As you can see, not nearly enough to get her through even one more semester.

Would the $80K have been enough to go to an in state public college?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have 20,000 so far and I know we are very behind. How much do you have and what is your strategy?

As a point of reference for you:

My DD is OOS, at a state school. She is finishing up her sophomore year. We started out with $80K, she has $14K left in her 529. As you can see, not nearly enough to get her through even one more semester.

Would the $80K have been enough to go to an in state public college?

Yes, but not by much. We're in California where in-state tuition is high AND where schools tend to give preferential treatment to OOS/OOC students - so she would have likely had to go OOS or go to a lower-tier public than where she is currently.

[Anonymous]

8th grader has $83K. 10th grader has $89K.

Plan is that we can pay for 4 yrs in-state VA public Us. They can go elsewhere if they can bring the price down to match that. Should be on track to cover that for both between savings and current cash flow in the college years.

[Anonymous]

Ugh. Have nothing saved. We are focusing on retirement savings first. Wish we had more left over. And we do not at all live a luxurious lifestyle. Hoping we can patch things together when the time comes. I can imagine we'll be in that doughnut hole of not qualifying for tons of financial aid, but not having enough to easily cover tuition and expenses.

I'm encouraged that my sibling's older kids have worked it out so far under similar circumstances, with a combination of work study, academic scholarships, and minimal loans. One at an in-state school, one at a small liberal arts college. SLAC definitely ended up giving the best aid.

[Anonymous]

Anonymous wrote:$100,000. DS already knows that if he wants go to an out-of-state school, it will cost him a lot more. Right now if he were to go to say, UVA, he'd be covered.

Nope. Keep saving.

https://sfs.virginia.edu/cost/19-20

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have 20,000 so far and I know we are very behind. How much do you have and what is your strategy?

As a point of reference for you:

My DD is OOS, at a state school. She is finishing up her sophomore year. We started out with $80K, she has $14K left in her 529. As you can see, not nearly enough to get her through even one more semester.

Would the $80K have been enough to go to an in state public college?

Yes, but not by much. We're in California where in-state tuition is high AND where schools tend to give preferential treatment to OOS/OOC students - so she would have likely had to go OOS or go to a lower-tier public than where she is currently.

NP. I’m in California too, that’s such a bummer to hear. I know the UC’s are competitive to get into, but I actually thought only UCLA and UCB have a significant percentage of OOS students. I hate that they’ve gotten so expensive

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have 20,000 so far and I know we are very behind. How much do you have and what is your strategy?

As a point of reference for you:

My DD is OOS, at a state school. She is finishing up her sophomore year. We started out with $80K, she has $14K left in her 529. As you can see, not nearly enough to get her through even one more semester.

Would the $80K have been enough to go to an in state public college?

Yes, but not by much. We're in California where in-state tuition is high AND where schools tend to give preferential treatment to OOS/OOC students - so she would have likely had to go OOS or go to a lower-tier public than where she is currently.

NP. I’m in California too, that’s such a bummer to hear. I know the UC’s are competitive to get into, but I actually thought only UCLA and UCB have a significant percentage of OOS students. I hate that they’ve gotten so expensive

California PP here. I'm a native Washingtonian, have only been in CA for 6 years. Because of how ridiculously competitive it is to get into pretty much any UC school, it is very common to see many HS grads go straight into community college and then matriculate from there into their 4yr UC of choice. I know that in the DC area going to CC is considered a "scarlet letter" - but out here it is not at all seen that way.

This Forbes article is a good example of what I'm talking about:

https://www.forbes.com/sites/kristenmoon/2018/11/15/uc-admissions-why-being-an-out-of-state-student-might-just-work-in-your-favor/#2f5ee17527bd

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have 20,000 so far and I know we are very behind. How much do you have and what is your strategy?

As a point of reference for you:

My DD is OOS, at a state school. She is finishing up her sophomore year. We started out with $80K, she has $14K left in her 529. As you can see, not nearly enough to get her through even one more semester.

Would the $80K have been enough to go to an in state public college?

Yes, but not by much. We're in California where in-state tuition is high AND where schools tend to give preferential treatment to OOS/OOC students - so she would have likely had to go OOS or go to a lower-tier public than where she is currently.

NP. I’m in California too, that’s such a bummer to hear. I know the UC’s are competitive to get into, but I actually thought only UCLA and UCB have a significant percentage of OOS students. I hate that they’ve gotten so expensive

Yeah, I’ve noticed about 30-35% off all seniors from my nearby CA high schools go straight to CC.

California PP here. I'm a native Washingtonian, have only been in CA for 6 years. Because of how ridiculously competitive it is to get into pretty much any UC school, it is very common to see many HS grads go straight into community college and then matriculate from there into their 4yr UC of choice. I know that in the DC area going to CC is considered a "scarlet letter" - but out here it is not at all seen that way.

This Forbes article is a good example of what I'm talking about:

https://www.forbes.com/sites/kristenmoon/2018/11/15/uc-admissions-why-being-an-out-of-state-student-might-just-work-in-your-favor/#2f5ee17527bd

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have 20,000 so far and I know we are very behind. How much do you have and what is your strategy?

As a point of reference for you:

My DD is OOS, at a state school. She is finishing up her sophomore year. We started out with $80K, she has $14K left in her 529. As you can see, not nearly enough to get her through even one more semester.

Would the $80K have been enough to go to an in state public college?

Yes, but not by much. We're in California where in-state tuition is high AND where schools tend to give preferential treatment to OOS/OOC students - so she would have likely had to go OOS or go to a lower-tier public than where she is currently.

NP. I’m in California too, that’s such a bummer to hear. I know the UC’s are competitive to get into, but I actually thought only UCLA and UCB have a significant percentage of OOS students. I hate that they’ve gotten so expensive

California PP here. I'm a native Washingtonian, have only been in CA for 6 years. Because of how ridiculously competitive it is to get into pretty much any UC school, it is very common to see many HS grads go straight into community college and then matriculate from there into their 4yr UC of choice. I know that in the DC area going to CC is considered a "scarlet letter" - but out here it is not at all seen that way.

This Forbes article is a good example of what I'm talking about:

https://www.forbes.com/sites/kristenmoon/2018/11/15/uc-admissions-why-being-an-out-of-state-student-might-just-work-in-your-favor/#2f5ee17527bd

Yeah, I’ve noticed about 30-35% off all seniors from my nearby CA high schools go straight to CC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have 20,000 so far and I know we are very behind. How much do you have and what is your strategy?

As a point of reference for you:

My DD is OOS, at a state school. She is finishing up her sophomore year. We started out with $80K, she has $14K left in her 529. As you can see, not nearly enough to get her through even one more semester.

Would the $80K have been enough to go to an in state public college?

Yes, but not by much. We're in California where in-state tuition is high AND where schools tend to give preferential treatment to OOS/OOC students - so she would have likely had to go OOS or go to a lower-tier public than where she is currently.

NP. I’m in California too, that’s such a bummer to hear. I know the UC’s are competitive to get into, but I actually thought only UCLA and UCB have a significant percentage of OOS students. I hate that they’ve gotten so expensive

California PP here. I'm a native Washingtonian, have only been in CA for 6 years. Because of how ridiculously competitive it is to get into pretty much any UC school, it is very common to see many HS grads go straight into community college and then matriculate from there into their 4yr UC of choice. I know that in the DC area going to CC is considered a "scarlet letter" - but out here it is not at all seen that way.

This Forbes article is a good example of what I'm talking about:

https://www.forbes.com/sites/kristenmoon/2018/11/15/uc-admissions-why-being-an-out-of-state-student-might-just-work-in-your-favor/#2f5ee17527bd

People on DCUM won't admit it, but this is becoming an increasingly popular path in this area as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have 20,000 so far and I know we are very behind. How much do you have and what is your strategy?

As a point of reference for you:

My DD is OOS, at a state school. She is finishing up her sophomore year. We started out with $80K, she has $14K left in her 529. As you can see, not nearly enough to get her through even one more semester.

Would the $80K have been enough to go to an in state public college?

Yes, but not by much. We're in California where in-state tuition is high AND where schools tend to give preferential treatment to OOS/OOC students - so she would have likely had to go OOS or go to a lower-tier public than where she is currently.

NP. I’m in California too, that’s such a bummer to hear. I know the UC’s are competitive to get into, but I actually thought only UCLA and UCB have a significant percentage of OOS students. I hate that they’ve gotten so expensive

California PP here. I'm a native Washingtonian, have only been in CA for 6 years. Because of how ridiculously competitive it is to get into pretty much any UC school, it is very common to see many HS grads go straight into community college and then matriculate from there into their 4yr UC of choice. I know that in the DC area going to CC is considered a "scarlet letter" - but out here it is not at all seen that way.

This Forbes article is a good example of what I'm talking about:

https://www.forbes.com/sites/kristenmoon/2018/11/15/uc-admissions-why-being-an-out-of-state-student-might-just-work-in-your-favor/#2f5ee17527bd

People on DCUM won't admit it, but this is becoming an increasingly popular path in this area as well.

So many things people on DCUM would never admit. Community College and no AP courses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nothing. I don't have any extra money.

Same here. Single parent teacher and I am glad I can pay his HS tuition out of pocket.

Wow, you're fancy! My DD goes to public school.

Wait PP. You're not saving for college but you're shelling out for private HS? Hope it's worth it!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nothing. I don't have any extra money.

Same here. Single parent teacher and I am glad I can pay his HS tuition out of pocket.

Wow, you're fancy! My DD goes to public school.

Wait PP. You're not saving for college but you're shelling out for private HS? Hope it's worth it!

DP. I hope this thread doesn’t dissolve into one of those judgmental forums where people are criticized for not having enough savings. Fact is MOST people don’t. PP isn’t alone. People make choices, maybe not always the right ones, lol, ...but they have their reasons.

[Anonymous]

400k 8th And 6th graders

[Anonymous]

6th grader has $110k.