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Reply to "How much to fund 529?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The good colleges cost $100k a year. You are barely half way and only have a few years left. You are behind. Keep putting money in the account! [/quote] I didn't have a 529. My son got into a Top 20 college. It costs around $60k per year. I contribute $24k, he takes $6k in student loans and the school gives him a $30k scholarship per year Some of you are just insane spending all these money for a 4 years degree. Crazy. Are you guys aware that universities provide scholarships? Just checking [/quote] Top schools do not offer merit aid and many family's do not qualify for financial aid but don't have 80k a year in tuition.[/quote] 100% false. [/quote] DP: The top 25 schools do not offer much merit. Sure they "offer merit". But most don't consider 10-15 merit awards for 2k freshman to be offering merit. Versus say a t100 school where many offer merit to 80% of students (and good merit my 50th percentile kid got 35% of tuition at two schools ranked in 80s) But fact remains most t25 schools really don't offer merit. They offer financial aid which is very different. They simply don't need to offer merit with a 5% acceptance rate [/quote]
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