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College and University Discussion
Reply to "Do most people pay for college out of pocket?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I cash flow most of my DS's tuition, apartment etc, but he pays for his food and fun expenses. He does have a small loan - 7500 for one year because I had a low cash period. I put $1700 a month into the 529, and make withdrawals when the payment date arrives and then I pay his $800 rent every month. So basically I'm paying $1700+800 = $2500 post tax per month for him to attend his in state school. I cannot wait to be done in a year! HHI of about 300K. We started with about 10K in his 529 and I always expected to cash flow most of it.[/quote] That's what you pay for an infant per month at daycare. [/quote] Yeah I just did taxes and I’m on year 4 of “cash flowing” $30k+ for childcare. It’s hard but at least college has financial aid and loans as options unlike daycare.[/quote]
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