How much did you save for college this year?

[Anonymous]

Ages 5 and 1. HHI 160. We saved about $250. We didn't max out our retirement, either. Daycare for 2 is kicking our ass, and we are trying to pay off credit cards.

[Anonymous]

Kid will go to college this fall. Wants to go to medical school after that. We will pay for everything. We are estimating at least $200 K for med school. He will go to state school for pre-med. 300K HHI. If needed we will pay during residency as well (another 3 years) and have saved for that too. So, in all we will pay for 8 years (and possibly 11 years) of higher education.

You have to live like you are making 1/2 your salary. We started with no debt and want the same advantages for our kids.

[Anonymous]

HHI $51k. I've saved $4000 a year (he is 8).
Hoping he'll do 2 years in community college or go to school abroad.

[Anonymous]

HHI $230k. We maxed out retirement ($35k) and put $20k in 529s this year. Two kids in early elementary school.

[Anonymous]

HHI is 250K. We saved 21K. It was a tremendous effort. Our oldest goes to public school, but we still spend $1800/month on childcare.

[Anonymous]

HHI is 90k. No savings for college for one kid (age 7). Not sure what we're going to do about this. I used to work at a university so if needed I will go back to university work to get tuition paid for. Sigh.

[Anonymous]

$39,500 split between two kids, who are 15 and 13.

HHI is $450K.

[Anonymous]

2 kids under 4. Fully funded 4 years of college prepaid. 30 in each child's 529. HHI 275. We put in 10 to 15 K in each every year and will until each is at least 100K each.

[Anonymous]

Child is 12. Saved $3,600 in a 529. HHI is approximately $90K.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I save 1200 every year in a 529. Not much and hope to up it by the time he is 5. (Currently 3.5). Single mom making 58k.

at this income i think its STUPID to save for college. you don't have the extra money and if you do you need to save for retirement. you are lower class and will get FA.

You don't have enough information to make that conclusion. Her child has another 15 years to go. Her income can double or triple by then and/or she can marry. We also don't know what FA will look like (grants? loans?). $1200 is not helping or hurting her bottom line.

I made 90k this year (up from 70k in 2013) and contributed $2400 to a 529. No I don't max retirement...I have done 10% to TSP and $2400 to a Roth IRA for years. I should have a pension in retirement and a paid off mortgage when DD enrolls in college. I'll be 44. My income will be higher and I intend to marry before then. I would love FA or scholarship money to appear, but it's not something I am willing to count on. My hope is to ease the financial burden on DD, even if some loans will be necessary.

This poster said it well. It's not stupid. It's a priority for her and her child, and things could look very different in 15 years. I started saving in a 529 when I made less than that, and I still contribute now that I'm up to 90K.

[Anonymous]

HHI 300K

$6000 a year in each kids 529, have been doing this since they were born
also both of us max our 401K

I agree you could do better on saving

[Anonymous]

HHI of $250k

Kids 12 and 9. Saved $4k each. 401ks maxed as well.

[Anonymous]

Anonymous wrote:HHI $51k. I've saved $4000 a year (he is 8).
Hoping he'll do 2 years in community college or go to school abroad.

Standing and clapping

[Anonymous]

Anonymous wrote:

Anonymous wrote:HHI $51k. I've saved $4000 a year (he is 8).
Hoping he'll do 2 years in community college or go to school abroad.

Standing and clapping

+1. Nice job

[Anonymous]

HHI 675k
we save 750/mo=1500/month total for two kids ages 6 and 4. we would like to pay for the cost of private 4 year college for both