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College and University Discussion
Reply to "Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?"
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[quote=Anonymous]We've been paying 30 grand plus a year for private school for many years now. We've saved 125K in a 529 plan and only stopped because at that point it made more sense to save it somewhere else. We will continue to save for graduate school. We only have one child. My parents did the prepaid plan for our kid when they were little. Looking back, I think the regular 529 would have been better, but I think it should be about 18,000 a year for OOS. So, between what we've saved and what my parents did, it will not be more than what we've been paying for private school. Do I think it's crazy? Yes. Will we do it? Probably. I really wanted to find merit aid, but I'm also apparently a prestige wh*re. [/quote]
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