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Reply to "How much to save for college - child is in 10th grade"
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[quote=Anonymous]Well, you're already funding $15K/year into the 529, so if you can maintain that during the college years you'd only need to pull $60k/year from the 529. So you really have 3 years worth saved right now. You'll have to come up with another $75K over the next 6 years to cover Year 4. You're on track to save about $40K through your current savings plan, so that leaves you with a $35k deficit. If you spread that out across the next 6 years, that means that you'd have to add $6k/year to your current rate of saving, and keep that up through college, to pay in full. More or less - college costs may go up, but you'll also be earning some money on what's in the 529. [/quote]
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