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Schools and Education General Discussion
Reply to "Are you planning to pay for your kids' college fully?"
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[quote=Anonymous]With what we have in the 529, and what I expect to be able to cash flow, and DCTAG, my kid should have about $30 - 35K a year available to him if he chooses a private school, or $40-45K if he chooses a state school. This should cover any school that meets full need (since our EFC is below $30K), and many but not all state schools. If he chooses a school that costs more, he'll need to contribute, whether by earning merit, working, or taking out Stafford Loans. I would consider helping pay off Staffords, but I wouldn't take out a Parent Plus or other loan. If he chooses a school that costs less, or earns a merit award that brings the cost below $30/40K, then he'll have the remainder of the money available for grad school.[/quote]
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