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College and University Discussion
Reply to "10-Year Horizon"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have 10 years until our first child goes to college. We currently have $60k saved in a 529, with the goal to be able to cover tuition, room and board at a public university. The wrinkle in our plan is that we are DC residents, so do not have direct “in-state” access to a public university system like residents of MD and VA. So DC resident parents with children in public universities, how did you navigate the college tuition? Any insights for changes on the horizon and what we should be aware of for a child entering college in 2033? [/quote] The first thing you should do is disabuse yourself of any notion that your DC should go to any public university. You will benefit from a demographic cliff and better merit aid at privates than now exists. [/quote] OP here. What demographic cliff? Please explain. Thank you. [/quote] Not the PP but in certain areas of the country (new england is the most affected by this), the number of teenagers living in those states is sharply falling off. There are not enough students to fill the seats at colleges in those states. As a result, a lot of privates are 1) throwing massive amounts of merit aid at good students to fill their seats and keep pipelines open with their high schools and 2) are giving a leg up to students from outside of new england. [/quote]
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