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Reply to "What does "maxing" college fund look like?"
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[quote=Anonymous]To me it means being in a position to fully fund 4 years of private college. As I have one starting next year that means about $240,000. We are not "maxed", but not far off. We also don't have all of it in a 529 - about $40,000 is in a mutual fund that we had established before opening the 529. So I have not maxed our 529, even if I have close to maxed college savings. We wanted the cushion not in the 529 in case DC got a merit scholarship, went to a less expensive school, or whatever. Others may intend to fund only for in state schools so being fully funded may look different.[/quote]
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