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Reply to "Parents of little kids: What are your college savings goals?"
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[quote=Anonymous]We save $300 per kid and start when they start ES. By my calculation, that should produce approximately 60K per kid when time comes. I also have a rental property that should be paid off by the time my oldest enters college, and I plan to sell it then. Conservatively, it should bring around $300K, which is 100K per kid. So, they'll have 160K each, give or take. The rest is up to them. Generally, I prioritize retirement and emergency savings before college. They can borrow for college but ain't nobody lending to put me in a nursing home. [/quote]
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