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Reply to "New Parents Wisely Start College Fund That Will Pay For 12 Weeks Of Education"
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[quote=Anonymous]My inlaws in their 70s gifted our baby 5k and told me to safeguard it for 20 years, to spend it for college. He was so pleased and proud to contribute. He's a millionaire and has said he wants to pay for his six grandkids' education, not to worry. But I think he has no idea of tuition rates these days. 5k might not even fund one 3 credit course? It's such a shame tuition increased so much. College is expected to cost almost 500k by the time my baby goes to college. With even public colleges like Berkeley costing more than 50k in today's dollars, idk how we could even fund half for our child. We have a 529 that we contribute to every month, but it's so depressing. This is one of the biggest concern we are having only one. We earn 150k combined but in this area it doesn't go that far. [/quote]
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