Reply to no extra money for 529. is my kid doomed?

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[quote=Anonymous][quote=Anonymous]I remember my parents telling me as a kid (still in elementary school) that they could afford community college for me, but beyond that I was on my own, so I needed to work hard so I could get scholarships.

DH’s parents were a little better off but not much. I dual enrolled and got AP credits in high school. We took several of our general classes at the local community college during summers. I graduated a semester early, which saved some money. We worked part time in school, qualified for some aid (quite a bit of merit aid in my case) and got loans to make up the rest.

We both worked full time during grad school and took turns getting our graduate degrees (we married young), which allowed us to pay some as we went.

We paid our student loans off by 40, would have been sooner if not for daycare costs and a career switch. Current household income is about 350K. We’re putting as much as we can in 529s for our own kids so they can start off ahead of where we did and hopefully save up for a home earlier instead of spending so long paying off loans.

Loans are not the end of the world, but minimizing them is smart. Community college for general requirements is also a good idea.
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Also— majoring in something that will make you employable. I’m a teacher (certainly not a huge income but my cost of college wasn’t high either), DH is a software engineer. [/quote]

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