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[quote=Anonymous]I see this term used a lot on DCUM. What does it mean? How do you know that you have enough to fully pay for college? I looked at my kids 529s today. The 11 yr old has 78K and the 8 yr old has $52K. We live in MD. College prices are all over the board. If I look at tuition, room, board, and other expenses charged by the university, I see: UMD = $26,796 Harvard = $71,650 Michigan = $64, 386 Grinnell = $63,114 UPitt (arts & sciences) =$44,634 Gettysburg = $67,490 I just picked random schools that I see touted on here. In my mind, the 11 yr old does not even have enough to pay for 4 yrs in state at MD. Of course, over the next 7 yrs, that money will grow and I will add more to it, but tuition at MD will also increase. And it looks like we could only pay for 1 yr at the other schools. Do people really put $240K ($60K *4) in college funds and call that "fully funded"?[/quote]
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