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College and University Discussion
Reply to "For UMC families.. how much did you end up paying OOP for college?"
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[quote=Anonymous]We are in DC so we pay OOS. Since DC TAG has an income limit now we don't qualify. We have two in college and two in Catholic high school. We also moved to this area about 5 years ago when we had a huge jump in income. Before that in flyover country I thought we were doing fine plugging along and saving a bit into 529s. Each kid has about 50k in their 529s. We are considered high earners though we don't own a home and have multiple kids in college. Right now I have DC#1 where we are paying 26k at a OOS flaghsip school, about 1/2 price due to merit-- 5k out of 529 then rest from salary. DC#2 is at private which gave 20k in merit which still puts us around 48k -- ouch. Which we have taken 10k/year out of 529 then pay rest from salary. Both kids work summers and the one in private does work-study to knock off a bit more. We will have at least 2 in college and 1 or 2 in private high school for the next few years. Lean living over here but completely manageable.[/quote]
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