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Reply to "How do most middle to UMC families pay for college?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The put $ in a 529 from the moment their kid is born and then choose a public university or a college that is equivalent in price. As for us, we use 529 + bonuses. [/quote] This exactly. Lots of savings and realistic expectations given to children.[/quote] +1 Also, you expect your kid to get a job during breaks (and PT during the year possibly) My kid can earn $10-15K/year working summers/breaks at basic jobs. Add in 10 hours/week PT during the year (something on campus) and they can contribute $10-15K yearly. In state is ~$30-35K, so now you only have $20K left. Take the ~$5K in federal loan and parents need to help with $15-20K at most. That's $80K needed in the 529 and/or partial cash flow each year. Not that difficult for a UMC family to achieve. In fact most kids don't need to work the full $15K to do it [/quote]
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