Reply to How much do you put into your kids' 529 (college fund) annually?

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Reply to "How much do you put into your kids' 529 (college fund) annually?"

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[quote=Anonymous][quote=Anonymous]I agree current tuition levels are a bubble. Millenials may keep prices high for the near future, but children 5 and under (kids of genx parents only) willl have great opportunities in admissions selections and tuition prices. [/quote]

I agree with this to an extent.  I certainly don't believe all those calculators that keep the increases in tuition at a steady rate.  At that level of inflation, no one will be able to go to college except the ulta-rich.  I don't know that prices will necessarily go down much, but I do think that us gen x parents with younger kids will benefit from the population decrease for that generation (have they even named our kids' generation yet?).  To answer the OP, we save $10K a year for 2 kids, mostly because we can afford to right now and that is the cap of the tax deduction you can take for the MD 529.  If our financial situation were to change, that would be the first expense that we would cut back on (even before travel, etc.), and even if our finances stay the same, I could see cutting back on that amount as the kids get older.[/quote]

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