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Reply to "How do most middle to UMC families pay for college?"
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[quote=Anonymous][quote=Anonymous]Saving in 529 since birth. Typically about $2500 a year. At age 15 with $87k we are now putting in $5k a year. Will cashflow at least an additional $5k a year in college run through the 529 to keep getting the MD state tax benefit.[/quote] So you have managed to save enough for in state schools. With the college student contributing $10-12k from summer job/xmas break job and $5.5k for fed loans, that leaves you with $15-20k per year to pay (or less) And your 529 will cover it [/quote]
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