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Reply to "Does this seem like sound advice for paying for college?"
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[quote=Anonymous]You need to look at what the cost of college is likely to be in 16 years, and how that compares to your mortgage payments. College costs will increase substantially while your mortgage costs will stay the same so that may create a gap down the road. The theory with a 529 is that the savings grow/compound. And that assumes nothing happens (job losses, divorce, disability) which would affect your ability to help pay for college. It would make me nervous, but we were able to do both (and currently have one in college).[/quote]
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