Reply to WWYD: Weird Paying for College Situation

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If he has $350k in a college fund, he should definitely look at other schools that he's more excited about. I don't understand why he wouldn't? Why save the money for an unknown grad school that they aren't even sure if they'll want to pursue? Cross the grad school funding when needed and use the $350 for the college that he wants[/quote]

$350k is cash. So they can use that for future home or to start a biz, etc.

Plus $100k education only fund.

Plus $50k (adjusted for inflation) for life.[/quote]

I would have them choose the path they want to walk but I wouldn’t fund my kids school if they got the above gifts if it meant pushing retirement back by years.

The gift your kid got is special and doesn’t come along everyday. Your kid should decide how they want to invest their dollars. If state public for potential full ride means save their money for grad school then you can be good with them not shooting for a higher ranked school and them having to pay for it out of their inheritance (or you having to pay for it). [/quote]

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