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Reply to "How old are your kids and how much do you have saved for each of them for college?"
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[quote=Anonymous]Mine are 14 and 16. We have fully paid the pre-paid tuition for VA and they have ~$50k in their 529s for R&B and expenses. They will be responsible for their incidentals. We also have around $120k in other savings to which we are adding ~$10-20k a year, in case they go to an out of state school. If they go to a higher tuition school that makes sense, I will go back to work to make up the difference. Currently, my "worst case scenario" (in terms of $$$) guess is that one will go out of state to a big name state engineering school which will cost us about $100k more than the prepaid tuition + $50k and the other will get a middling scholarship to a really high end school. Then I would have to make a few more $$. "Best case scenario": They both may end up in state and then we can help them with graduate school or for something else. We shall see what happens. [/quote]
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