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Reply to "How old are your kids and how much do you have saved for each of them for college?"
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[quote=Anonymous]9 y/o: Purchased 8 semester prepaid plan earlier this year with 529 proceeds. Have another $5500 saved in a 529 and are currently saving $500 per month. The plan is to have projected room and board costs saved when DC starts college plus another $100k toward graduate school. 7 y/o: Have $55k saved in 529 and are currently saving $1000 per month. The plan is to try and save the projected all-in costs of 4 year private university (approx. $500k). If 9 y/o does not use the prepaid plan, I will transfer it to the 7 y/o and transfer some of the 7 y/o's 529 proceeds to the 9 y/o to cover tuition. If the 7 y/o doesn't use the 529, it gets cashed in and applied to tuition. b We live in VA and figure there is very good chance at least one of our children will attend one of VA's fine institution of higher education.[/quote]
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