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Reply to "How do most middle to UMC families pay for college?"
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[quote=Anonymous]- Maryland Prepaid Tuition Trust. - For both kids, 5 years each. We paid 100K in all. - Generous Merit scholarship covering full tuition from UMD - steller stats, MCPS magnet - Stuff like apartment rent, travel abroad, socializing, food etc from our normal cash flow - I would say 50K for 4 years for each kid. And there was a lot left in the MD Prepaid Tuition Trust - so we converted it to Roth for kids. All in all, I would say that we have paid around 50K for room and board and other expenses for each kid over 4 years each. So, including the Prepaid tuition - around 100K for each kid. Double major for both. High demand STEM majors. Money earned interning was ploughed back in the kid's investment accounts. [/quote]
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