Reply to Do families with $250K in income get financial aid? If not, how do they afford college?

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Reply to "Do families with $250K in income get financial aid? If not, how do they afford college?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We make less, we save starting at birth, make savings a priority, no vacations, etc.  and state school. [/quote]
Yep.  Started saving when we were TRYING to have our first. Opened a 529 with monthly contributions of $25. Neither of us are "rich" but we are doing fine. Lived in the same house for 24 years. Only the past couple of years do we have combined salaries in excess of $250k. Limited our two children to $50K/yr each which pretty much limits them to public.[/quote]

I call BS. You need the child's social to open a 529 plan, which isn't possible before they're born.[/quote]

You are wrong. We opened a 529 in my SSN prior to my children being born, then transferred funds over once they were here/had a SSN.[/quote]

Yes.  One kid is finished with undergrad and has $75K left.  We are leaving it.  It will continue to grow for grad school or for their kids.  That $75K will be 240K+ in 21-22 years.  All with tax free growth.  Will do same for our other kids. And once it's apparent grandkids are in the future, we will start adding yearly to the 529s to allow for more growth potential
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