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[quote=Anonymous]OP again...

So I've been thinking about this a lot.

I looked to see exactly what our contributions to date were and they were a little higher than I had written in my OP due to compounding.  I didn't check my statements before writing my OP. It just kind of hit me a few nights ago with DD told me that she wanted some sort of medical career (most likely doctor).  Before people give me a hard time about taking it seriously, DD is a strong student in a very selective HS program.  She's in one of the select programs at either TJ, RM IB, Blair or PHS.  I just wrote checks for $10K each to their college funds last night ($452K).  We contributed $15K earlier this year.

I just ran the numbers and this is what I feel comfortable doing (gulp):

*Paying $50K each for 4 year undergrad (2 Kids)
*Paying $70K each for 4 year graduate/medical school (2 kids)

I can do this by assuming that we will be paying $30K per year out of pocket for schooling for the next 12 years and using the balance from their 529 plans.  The kids are 4 school years apart.  I'm assuming only 3% growth because I've moved most of their college fund money to the "safe" investments.  We've had a great run up in the stock market and I wanted to lock in my gains which I did earlier this year.  I was hoping that we could be a little more frivolous with our spending instead.  Oh well.

It's probably unlikely that both kids will want to become medical doctors but likely that they will both want to go to some sort of graduate school.  I'm very much a planner and I guess I would feel awful if they both wanted to be doctors/were accepted to medical school and I felt like I couldn't pay or that I felt like it strained our financial resources too much.

For the last 16 years, I had always planned on paying for undergraduate school and had never given much thought to graduate school. My husband and I both work in fields were tuition remission is common for graduate school.  My husband and did not get to where we are by having the attitude that so many people do- we will figure it out when it comes.  That attitude drives me bonkers.

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