Reply to “Fully Funded College”

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]I have about $300k per child in each 529[/b]. I stopped bc my financial advisor said it would be better to just pay cash for any overage at this point. I figured I’m fully funded then between what it costs and what I’ll owe as I have the funds. That said, unless I’m talking to my spouse, I’ve or on this post, ive never said the words fully funded college funds with regard to our kids. Who talks like that about their own kids to others??[/quote]

Wow PP. You are very fortunate. We'll be lucky if we can save $100k for each of our 3 kids. I know we'll get to that for one, and maybe/probably two. The third will be a stretch. No way we can afford to send them to any school they want, all expenses paid. We can definitely help, but they'll have to make some real adult decisions on how to cover the rest: military service, taking out loans, doing community college for two years & transferring, etc etc

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Wait, your plan is to give your first two kids more than your third, and just tell the third kid to make some "real adult decisions" in order to cover the shortfall?  You can't be serious.[/quote]

Well the kids are spaced several years apart. So we have a better estimate on what the oldest child will have available at age 18. But based on our jobs/the market/unforeseen circumstances, that number is harder to estimate for the youngest child. But even if the oldest gets $100k and the youngest $85k, is that so unfair? It's life. And again, based on only having $100k each all THREE will have to make decisions on how to "fully fund" college. I apologize for not having as much money as you seem to have. [/quote]

It's not the amount you are saving, you passive aggressive fool.  It's your allocation.  And yes, life is unfair, but parents shouldn't be.  That should be obvious.  [/quote]

Exactly right.  What parent says, well life is unfair so I am going to treat some of my children better than others?  If this is real, the kid #3 will grow to resent and despise his parents.  Rightfully so.[/quote]

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