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College and University Discussion
Reply to "When you can’t do it all, how to save for college?"
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[quote=Anonymous][quote=Anonymous]As a single parent, I could not even start saving until my child was 7...and then began at $50 a month! Slowly, as my salary increased, my contribution increased. By the time she started college, I had saved about $75K. Luckily, she received multiple offers of merit scholarships at Tier 2 SLAC’s (which is where she wanted to go). My share is about $26K a year. I have been withdrawing that from the 529. I am continuing to save in hopes that the remaining need will be there by the time we teach senior year. If not, she will take out a modest loan. I only have one child, but that is how we managed. Live within your means, and set realistic (not grandiose) goals about where she goes to school. [/quote] Nicely said. Even $50 a month is reasonable.[/quote]
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