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[quote=Anonymous]When the children were really little we did not save for college. I had a very PT job while DH worked FT with a good salary but retirement was the priority at that point. I went back to work FT when our youngest was in kindergarten and we then earmarked most of my salary for a home renovation and college savings. Similar to many people I know who did not save at all for college until they could stop paying for daycare.

We originally planned to save enough to cover about 80% of an in-state college, figuring the kids could handle loans for the balance. But then my parents gave each grandchild a lump sum that essentially covers one year in-state. With that plus our 529 savings plus them working summer jobs and some on campus to cover personal expenses we don't need to take loans (1 at in-state public U, 1 at a LAC w/ large merit that makes it equivalent to that).

Both DH and I had college paid for by our parents. We are very grateful we didn't have to be burdened with student loans and, even though college is much more expensive now, feel it's important to do as much as we can to cover it.[/quote]

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