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Reply to "Paying for and saving for college - how do UMC people do it?"
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[quote=Anonymous][quote=Anonymous]I think people like us, not rich enough to not plan for it, but too rich to get aid, just have to prioritize saving from the day the kid is born. This is what we’ve done and we make similar to op. We put aside a set amount for each kid each month, and once each kid enters public school we up the monthly contribution. It’s not an insignificant amount of money. Our 2 yo has 18k and our 6 yo has 35k so far. We should be good to fully fund with the savings for each girl to go to an in state school plus the room and board. If they want to attend private we will try to pay out of pocket for whatever the savings doesn’t cover. We’ve been used to paying 40k per year for daycare so if we can do that we should be good for whatever college they choose. [/quote] It sounds like you are rich enough to pay and can take that day care money and put it in a college fund. [/quote]
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