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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]My DS is a sophomore at an OOS school. We currently put $225/month into the 529. We started it when he was two years old with $1,000. Since inception we have contributed $28,014. When he started school the balance was about $42k. Over the first two years, which included a summer and winter course, we have used $28,294. Year one we paid tuition and housing. The tuition was reduced due to SAT scores and board was covered by athletics. This year we paid tuition and his share of off campus housing. The current balance is $27,938 which should cover the next two years.[/quote]
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