Reply to Divorce and college costs

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Kinda curious but you guys each have $12K extra you can put towards college but haven't been saving anything all along?  Even like $3K each per year?

Also, I think you have to evaluate what you are able and willing to pay outside of whatever your ex is paying and then present that number to your child (or let your kid discuss what schools they want to attend with their dad and come up with a plan to fund attendance).[/quote]

The 529 did not seem to be very tax advantageous to us to we prioritized retirement and other savings and investments. It’s not that we have no money. We also came into our higher salaries only in the last several years, especially myself. 
Child support will be over as soon as kid graduates HS.[/quote]

PP here and got it. I assumed the $12K was from cash flow alone but maybe not.  I mean college savings are college savings regardless of whether you put them in a 529.  I still stand by my prior point that you need to decide what you are able and willing to pay for college and not use what your ex is willing to pay as any kind of marker.  BTW as one example I looked at JMU tuition and fees and it looks like you could make it work between the $24K you guys have plus a small amount of loans plus some summer working money.  You could always help your kid pay back the loans if this is a cash flow issue for you.[/quote]

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