Reply to How much should you contribute per month to 529 plan?

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[quote=Anonymous][quote=Anonymous]I have 4 kids.  21, 17, 10, 7.  With the 2 in college I'm finding that the cost is so variable.  One kid is at a state school and gets decent scholarships.  Her cost is about $10k per yr for us.  The 17 yr old just started getting his acceptances.  Costs are around $30 for most schools and I haven't seen the FA packages yet.  But he's an avg student so unless he can make a compelling argument why he needs to attend an OOS/private for business, he'll be going in state as well.

So based in this for the younger kids, I'm working towards putting $100 in each of their 529s.  The other money I'll put into regular investments.

I guess for our family, the price of college has gotten so out of control that the younger kids choices are going to be in state or OOS/private that offer enough merit aid to bring their costs in line with in state.[/quote]

I don't think there's a hard and fast rule of thumb. You just save what you can to feel comfortable. We have a 3 yr old with another on the way. My goals are similar to this poster--save about $100k to $130k per child and then reevaluate. We have $35k saved so far and plan to save as aggressively as possible until we feel comfortable with the amounts. Our goal is to be able to pay for 4 years of private. If they go to state schools, they can keep the extra money for grad school or their kids. 
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