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Money and Finances
Reply to "529: how much will be enough?"
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[quote=Anonymous][quote=Anonymous]http://www.savingforcollege.com/college-savings-calculator/ Sorry, OP, but I don't think you are in track yet.[/quote] This calculator is useful, but only if you've separately projected how much you think you'll need to pay for college. It defaults to $25,000 annually, which strikes me as a particularly random number. If OP is paying half of tuition only, the average tuition charge for in state public right now is a little under $9,000. Even with tuition increases over the next 8 years, OP should come relatively close to that goal. If OP wants to pay living expenses, or the kid goes to an above average cost school, OP is probably still quite a ways away.[/quote]
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