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Reply to "Paying for and saving for college - how do UMC people do it?"
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[quote=Anonymous]DW and I each make $110k. Our DS is in his 5th year and graduates in May. We started a 529 soon after he was born and put in what we could monthly. When he started college I believe the value of the 529 was just over $100k. *DS attends an OOS state school. Tuition 4 years ago was ~$20k. SAT score in the mid-1300s earned $7,500 off the tuition rate for the first 4 years. *We did student loans of $5k each of the first two years. We had been paying those down, but stopped and are waiting to see if loans will be forgiven by the feds. *Athletics has covered the meal plan all 5 years. *Started with a small athletic scholarship that has increased over the years. DS will graduate with a undergrad degree, two minors, little debt and about $1,500 remaining in the 529.[/quote]
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