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Reply to "Tips for saving for college? How much to do you put into your kids college savings acct?"
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[quote=Anonymous][quote=Anonymous]Here's something for everyone to think about. Cost of attendance is rising at about 4 to 5% per year. If you plug in how much a college costs now, and calculate how much it will cost by the time your kid gets to college, you will be horrified. For example - a school that costs $33,000 a year to attend today costs $132,000 for four years. If it increases 5% per year it will cost $191,000 for four years starting in 2025 and $232,000 for four years starting in 2029. Ouch! Better hope your 529 investments are doing better than 5% a year or you are only just staying even with the rising costs.[/quote] Bernie's going to make it free - no need to save.[/quote]
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