Reply to How do most middle to UMC families pay for college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]529 contributions since birth. My older kid is now fully funded for any private school.  Still working on the younger kids. No family help - my family paid for all my education through grad school, and DH had a full ride for undergraduate and MBA (via consulting).  We were committed to keeping the momentum going by saving for our kids. [/quote]

How much did you fund per year? Really refreshing to see somebody who did it without grandparents help. I feel like most people get grandparent help. I know my kid won’t so I’ve been saving, but it feels like such a huge mountain.

Kudos to you![/quote]

Up to the annual gift tax exclusion for a single person (currently $19,000).  I did it as an automatic paycheck contribution (so much like a 401k contribution, it's easier to invest money you never see). The market has worked in my favor as I started it at the beginning of the Great Recession, and was 100% in a total stock fund until the account reached the goal amount, then I took some risk off the table for my oldest.  There were years when it was a real sacrifice to contribute $19k per kid, but less so now that we're older and more established. [/quote]

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