Readiness for college

[Anonymous]

Kid 1 (Age 15) Balance: $167K
Kid 2 (Age 13) Balance: $$153K

Monthly contribution is $500 per kid.

Will stop contributing when they graduate High School.

[Anonymous]

We have a lump sum of $375k set aside for college tuition in an investment property for one child in 5th grade. Child is in a private school now and will be through 12th. Cash flowing elementary/middle/high school.

[Anonymous]

The grandparents paid quarterly for my oldest and plan the same for the nest two.

I give my sister money for her daughter’s tuition since we’ve never had to pay for private school or camps / activities.

[Anonymous]

We did not have nearly as much as most people here, and it turned out to be completely fine thanks to a lot of merit and a reasonable starting cost. We just cash flow and keep saving for grad school.

[Anonymous]

Anonymous wrote:Kid 1 (Age 15) Balance: $167K
Kid 2 (Age 13) Balance: $$153K

Monthly contribution is $500 per kid.

Will stop contributing when they graduate High School.

This is also exactly us

[Anonymous]

My kid will have about 200K (junior now) from us from each puttingin $400 a month, $40K from a 529 that grandparents put 10K in the year kid was born. We will have to cash flow the rest.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I plan on having 200k per kid in 529s.
If that’s not enough, I can use other investments or cash flow

Sadly, that won’t be enough for even in-state when the time comes. UVA in/state is $40k. Privates like USC are at 99k a year and will cross over $100k soon. How many years to go?

Our DS is OOS and the tuition is $12k a year. The estimated total with room, board and fees is $28k. Thats before any academic merit reductions.

[Anonymous]

We have about $260k each plus partial GI benefits for an 11th grader, 8th grader and 6th grader. While it’s a lot of money saved, we won’t be able to full pay $90-100k annual tuition bills and will encourage kids to chase merit/fit and save $$$ for grad school.