Reply to “Fully Funded College”

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[quote=Anonymous]For us, it means that we can afford to send our kid to any college in the US without having to take out loans, raid our retirement, refinance our home, etc. We saved about $215K/kid spread between in 529s and another savings vehicle with the plan to pay anything on top of that with cash.

My oldest just finished her junior year of college. She picked a school in the midwest with a total cost of attendance of about $52K, and then merit aid brought things down to about $35K. So she'll have a nice chunk of change left over for grad school. She actually didn't even consider price when picking a school, it just so happened the school she fell in love with was a reasonable price to begin with (comparatively speaking, of course) and gave her some nice merit aid.

My younger will start at Notre Dame this fall at $68K/year and so if she wants to go to grad school, she'll need to get funding or have loans. We'll help her some, but we made it clear to both kids that the help won't be anywhere near what it is for undergrad. But it was her choice. [/quote]

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