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[quote=Anonymous][quote=Anonymous]OP again,

I went to a Harvard-type school and I can't imagine saving 150K for college. At 160K per year I had 10-20K in financial aid which would be much more today (after a congressional investigation). Anyway, I earned & applied for scholarships to help pay for college and all it did was replace the "need" award.

I know that 529 says it doesn't impact FAFSA (up to 5%) but the fine print is that each university gets to decide how to facto it in and the elite universities are tough to predict. I don't want to invest in the state tuition plan because no one in our family has attended state universities so it's likely my child will end up at a private school as well.[/quote]

I'm being blunt, but these posts beg the question:  why not a state school?  Doesn't sound like your private education had the value you had imagined if it left you with huge loans. I assume your parents with their private educations didn't have salaries or the financial acumen to finance your private school, either.   And now you are talking about repeating the process.

Finding a state school that's a good fit would give your child the huge gift of being debt free. A college degree with tons of debt is pretty worthless.[/quote]

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