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Reply to ""Fully fund" college... how much?"
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[quote=Anonymous]I have a rising 12th grader. I still don’t know what numbers we’re looking at! Dream schools are $80k/year + extras (travel home, study abroad). Others are $50k/ year but there may be some merit aid. In state flagship is even less. We also don’t know whether some of the state flagships can be completed in 4 years. On the other hand, DC may get enough credits from AP classes at some schools to graduate in 3.5 years. Which means best case is 3.5x$30k= $105k. And worst case is $4x$90k=$360k. We have something in the middle in 529s and have stopped contributing for now, but are setting aside some money in other accounts in case we need to cash flow this pricier options. And if DC selects the least expensive option then we likely will give DC the option to use the remainder for grad school or transfer it to an IRA, or a combination of both.[/quote]
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