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Reply to "Is It Really Gonna Cost $280K? OMG "
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[quote=Anonymous]Yeah, I am $53,000 short—and my child’s Merit scholarship is $26,000 a year. Just so you know, I have been told not to spend 1/4 of you 529 each year (assuming it won’t cover all 4 years, which is our situation). Spend it down aggressively from the start. That way, you can report less assets each year. And, if you wind up needing loans the 4th year, the interest period is shortened.[/quote]
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