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College and University Discussion
Reply to "How to encourage sibling to save for college for her kids"
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[quote=Anonymous]I come from a wealthy family but unfortunately my parents were the black sheep on both sides. They were lazy etc. Fortunately, I had wonderful grandparents that helped me out A LOT. They paid for my college, bought me my first car, paid for my wedding etc. I was very academically motivated. My sibling on the other hand, eventually got an associates degree but isn’t really into college. Her husband is never went to college. I started a 529 plan for the kid and am contributing each year but not nearly what is needed- think 500 to 1k per year. I was hoping that by opening an account and continuing to fund it that sibling would get excited and start contributing to it as well. Sibling has about 7 more years to save but I’m afraid even at current contributions that fund might have only between 5k-10k total. Sibling seems unconcerned. It makes me sad. I can’t really contribute more than what I currently am as I have 2 older children that will be heading off to college in a few years. My siblings wants to wait and deal with it once the time comes. I’m sure sibling’s kid will qualify for aid but with colleges costs so high, I wish I could do more to encourage saving. Any thoughts? If you disagree with saving for college, please do not respond.[/quote]
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