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Reply to "Future college costs - what am I missing?"
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[quote=Anonymous][quote=Anonymous][img][quote=Anonymous]OP, my child is in college NOW and all I have in her 529 is about $40,000. We are managing. She's borrowing $5000 per year, and earning another $5000 from her summer job that she contributes. That's $10,000. I take $10,000 from the 529. And I cash flow $10,000 (about $1,000 per month). That's $30,000 for the year which covers her out of state tuition, room and board, more or less. (she has a merit scholarship bringing cost of attendance close to in-state.) So I cannot comprehend how you won't be in a MUCH better position if you already have $30K in your kid's 529 AND you are contributing $7200 annually? [/quote] With AI and abolishing of Dept of Ed, no more Federal loans and no more cash flow from parents who are laid off at 50 and never find another job. It’s okay because college won’t be worth it because no jobs. [/quote] i work with FSA and nobody is abolishing federal loans. [/quote]
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