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[quote=Anonymous][quote=Anonymous][quote=Anonymous]No. It sounds to me like you overfunded. If you are very high net worth it doesn’t matter. But unless they go to the most expensive schools for undergrad and grad school I am not sure you will be able to spend this.

We had about $250k each, and my kids are now going to undergrads where they get almost free rides, so I wish we had saved less…[/quote]

But if they do go to a Top school, those are $85K+ currently.  My kid is at one.  It's 5K+ more each year.  So it will be $100K/year by the time his first kid enters college and at least $110K+ by their senior year.  They could easily use $400K+ for just undergrad.  Or they are well funded for a lower cost undergrad and all of PT/Med/Dental/Law/Professional Grad school.

But the time the younger goes to college (guessing at least 5+ years before starting), they could use up $450K+ for just undergrad.

Fact is, if you are targeting Top schools, very few give full rides.

Also, if you can fund them like this, they are likely High Income/higher net worth.  So anything left can just be passed to the grandkids.

[/quote]

This. We have around this amount, too. My guess is it will cover undergrad based on where my kid has currently applied. I’m also likely saving it for future generations and paying for college outright. [/quote]

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