how much is enough for 529 accounts

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Agree that the cost-benefit proposition for 99% of private schools isn't there. OP, if you are in VA, your child can absolutely get into the top med/law schools from UVA and all of the top employers recruit there otherwise. If your child is STEM focused, VA Tech is a great school. I don't know enough about UMD, but I do hear it's getting more competitive.

We plan to also fund enough for 4 years at in-state schools. If we can pay for more out of pocket when the time comes and we think it's worth it, we will. But I'm not planning on it.

I plan on cutting the last funding check for our kid after the first of the year. 4YO and we will have $125K in the account - by my math we should end with +/- $300K at 6 or 7% growth - may or may not be enough but it is way too hard to look that far into the future.

well, whoopee do. How do your immense riches help the OP? DId you do that on a salary of $165k?

Um, OP already has enough in both accounts to pay for 4 years at a public school. I think we're saying "Good Job OP, you've done enough to get your kids off on the right foot."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Taken from Duke's website


2014-2015 ESTIMATED COST OF ATTENDANCE

Tuition and Fees $47,488
Room $6,526
Board $6,050
Books and Personal Expenses $3,466
Estimated Cost of Attendance $63,530

you can save a lot by living off campus. Also most kids at Duke are receiving some aid, scholarships.

14k fo room, board, books and personal expenses? School is not 12 months

I'm a Dukie and would never send my kids there. We don't have a prayer of getting aid since our HHi is around $450K. No way is it worth more than twice what U.Va. charges in state.

The reason you don't have a prayer of getting aid is because you don't need it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Taken from Duke's website


2014-2015 ESTIMATED COST OF ATTENDANCE

Tuition and Fees $47,488
Room $6,526
Board $6,050
Books and Personal Expenses $3,466
Estimated Cost of Attendance $63,530

you can save a lot by living off campus. Also most kids at Duke are receiving some aid, scholarships.

14k fo room, board, books and personal expenses? School is not 12 months

That's not always the case. At my DCs school it is generally more expensive to live off campus. For one thing the leases are all year long leases even if you are only there for 9 months. Finding an apartment for $543/month (the $6526/12), even one shared with lots of kids, if not possible where my DC is.