Reply to Do most people pay for college out of pocket?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I cash flow most of my DS's tuition, apartment etc, but he pays for his food and fun expenses. He does have a small loan - 7500 for one year because I had a low cash period.  I put $1700 a month into the 529, and make withdrawals when the payment date arrives and then I pay his $800 rent every month. So basically I'm paying $1700+800 = $2500 post tax per month for him to attend his in state school. I cannot wait to be done in a year! HHI of about 300K. We started with about 10K in his 529 and I always expected to cash flow most of it.[/quote]

That's what you pay for an infant per month at daycare. [/quote]

So if you paid that for daycare, then you could have chosen to continue saving the same amount once they started K.  And then you'd have the money for at least in state/moderate private [/quote]

DP who is paying that for daycare and I may very well start doing that when they finally high elementary school.  I’m sure I’ll find college daunting when we get there, but nothing can beat the sticker shock of the $3000/month we almost had to pay for my oldest when she was born (fortunately we got off the waitlist for a cheaper place).[/quote]

You simply take what you pay for day care and put it in a college fund.  Simple.[/quote]

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