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Reply to "How do people fully fund 529s"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Op here - These are helpful responses, for the most part. We are in MD, so I'd love for both kids to go to UMD, but older one is already expressing interest for out of state somewhere. I'd like to cover their undergrad expenses and am pretty sure I can for in-state based upon what I've read on UMD's, Towson's, etc., websites. [b]Based on what posters have said, it sounds like for out of state and private, my kids just need to apply and see what aid is offered if they're accepted, then decide if it's financial advisable[/b]. We've come into some financial challenges and I'm not sure I can continue to fund them beyond what's currently in there, and I don't expect much additional growth since they're both near maturity, i.e., 2021 and 2024 life cycle funds.[/quote] It is actually more strategic than that. If you do your homework in advance including running the Net Price Calculator for each school (see _The College Solution_), you will mostly know what each school will cost in advance of receiving offers of admission and merit scholarships. Acceptance letters should not contain anything terribly surprising. Out of the ~22 schools my two kids applied to (between them), only one merit scholarship offer came as (an unpleasant) surprise.[/quote] Well, maybe your kids didn't have needed stats? [/quote]
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