Reply to How to encourage sibling to save for college for her kids

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[quote=Anonymous][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]

Ain't your place to get involved. You've already done more than enough by opening an account for your sibling and providing initial funding. If that didn't compel her to grab the reins, I'm not sure anything will. Focus on your own college-bound kids.[/quote]

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