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Money and Finances
Reply to "Parents of little kids: What are your college savings goals?"
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[quote=Anonymous]5000 per kid per year, which is max MD state deduction. I've topped them up with bonuses before but will probably stop (after doing it once more to catch up the little one a bit). My kids are little and am not sure how all this will shake out. Tuition seems extortionate already. Khan Academy is coming online. Certifications are popular. Plenty of people who paid a pretty penny regret it (others of course do not). I'm sure the 100 - 200k in those accounts (depending on market returns) will come in useful but I am not obsessed with saving zillions. I'd be fine with UMD plus living at home and use the balance, if any, for grad school. Or if UMD is ridiculous too, they can go abroad. Someone on earth can educate these kids for less than $250k.[/quote]
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