Reply to If your kid doesn't spend their 529, what will you do with that money?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m pretty confident that my DC will go to college, and we won’t qualify for aid.  Given that, we are funding enough to cover 90-100% of in-state tuition and we will come out of pocket for anything other than that.  I’m not at all worried about wasting these dollars.[/quote]

OP here,

I've got enough put away for about 6 years of in-state tuition and room and board for each kids.  I've told my oldest that he has a budget of $X total, and he's found some schools, a couple safeties and a couple matches where the NPCs say he could get the degrees he currently wants debt free.  The ones he likes best would come in at the top of budget, and would probably require him to get a job and earn his own spending money, but that's fine.  That is what this money is intended for.

But now, as he's getting ready to apply, he's realizing that there are programs where his stats will give him huge amounts of automatic merit, and where he would be able graduate with significant savings.  These schools aren't as good a fit in other ways, but they aren't bad schools, just not exactly what he has been saying he wants in terms of size, location, extracurriculars, other subjects he wants to study on the side etc . . .  So, he's asking "What happens to that money if I don't use it?"  It's a good question so I'm trying to sort out how to answer it.  [/quote]

Well that depends upon your own family choices.  
For us, it stays in the 529 for each kid (each was fully funded for college and beyond).  If they don't use it, it will remain there to grow for their own kids (or for future education for them or a partner).  We already gift them $19K/year that they use for savings/IRAs/401K funding.    One kid has $50K left after grad school.  That will likely pay for at least one kid at a current $90K school in 20+ years (the grand kid doesn't exist yet).  If we fund another 529 for any future grandkids with $100K once they are born, they will be set

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