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Reply to "How do most middle to UMC families pay for college?"
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[quote=Anonymous][quote=Anonymous]Like many other families on this thread, we saved early and often in 529s. I opened both 529s for each kid (2 total, with a 6-year gap between them) while still pregnant with each. Funded the first at $1500/month, and once #2 came, put in $5K/year ($2500/each). Oldest is 9 years from college and youngest is 14 years, and we have $260K+. We also cash flow private school, so will shift that expense to help cash flow college.[/quote] Colleges are very well aware of 529 balances. They don't have an incentive to lower tuition. The money is there. [/quote]
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