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Reply to "How do most middle to UMC families pay for college?"
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[quote=Anonymous][quote=Anonymous]we did 529s as soon as the kids were born with a goal to have 50% 4 yr in state college tuition saved. Somehow our financial advisor got us to 60%. Child 1 graduated in 3 years at UMCP with us giving help throughout to end with no debt. Child 2 went to MC first 2 years saving us alot of money so she graduated with no debt also. After graduation, Child 1 lived at home 4 years and saved enough $ and got scholarship to go to law school on her own, graduating with no debt. It can be done.[/quote] very very smart. Impressive. We didn't start 529 till later, when kids were 6 and 9 (shame on us). We contributed $10K per account per year for both accounts for the past 10 years. One is in college at UMDCP with merit. They had a ton of credits going in, so they are getting a dual degree, and +1 masters. All for $120K, so DC will have $ leftover. DC# wants to go oos, and they have some money from their grandparent. If we combine the 529 with their money, they can go oos + 2 years masters while living at home. We told DC we are not getting loans. Alternatively, they can go to in state for 2 years and transfer oos. We've had this discussion with DC.[/quote]
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