Reply to Answer provided: How will a 529 plan affect my child's chances to qualify for financial aid?

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Reply to "Answer provided: How will a 529 plan affect my child's chances to qualify for financial aid?"

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[quote=Anonymous][quote=Anonymous]guess what, if you're middle class or more, you're not gonna get that much financial aid anyway.    people have this misconception that a school or the gov't is going to pick up 50% or more of someone's tuition and that might be jeopardized if they actually save for college in a 529.  Um, no.

If you have the average HHI income in this area or more, (say 100k) you are not going to qualify for aid packages, so you need to save.  And most kids don't get academic or athletic scholarships unless the school is private anyway, in which case it's more expensive than what you'd pay at a state school anyway.

Just save people.[/quote]

I think you're a bit out-of-touch.  There are a couple of other threads around here with folks wondering how they're going to pay off $2000 in credit card debt.  What's there to save?  Personally, I think the projections of growth in the cost of tuition are laughable.  No way the cost of tuition is going to keep going up.  In 18 years we may be looking at fully-subsidized college tuition.  Or satellite campuses supplemented by internet tutoring.  God only knows.  But it ain't going to be "just like it is, plus the projected cost growth drawn with a straight-edge."
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