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Adult Children
Reply to "college children and money"
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[quote=Anonymous][quote=Anonymous]My kids (who also have unequal amounts remaining) can keep their leftover 529 money for grad school or their future children. I would not withdraw it and give it to them. [/quote] we actually saved differing amounts in the 529s. By late ES/early MS it was apparent the oldest was not going to be attending an $80K+/year school. They are smart but have learning issues and simply not a striver/hated school. They are 80-85% academically, not 98/99% like our next kid is. So we saved for $50-60K/year, which would cover most OOS publics and most privates they would likely want to attend. Kid then got good merit (even a 3.5/1200 can get good merit at good schools) and only cost us $40K/year. So they have money left and it will stay there for any future grad school and for their future kids) Next kid it was obvious early on that they might be able/want to attend an $80K+ university. So we added more to their 529. Turns out we were right. They are full pay at a T40. We will use up their 529 for undergrad. Know what? Neither kid cares who got what. They are just appreciative they do not have loans/don not have to contribute to college---they see how difficult it is for some of their friends. They know they wont' be burdened by student loans upon graduation [/quote]
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