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[quote=Anonymous]We have one in college and a HS senior. HH income $250k. Grandparents gave us $25k per kid for college. I was a SAHM when they were little and went back to work FT when youngest started K my salary was purely for college savings, increasing retirement (although we'd been prioritizing that while just DH was working), and doing a house renovation. Started saving about $1500/mo for college. Our goal was to have each kid's 529 be enough to cover an in-state college. When the grandparents added their gift it looked like we might be above that goal in the 529 so we shifted savings to a regular brokerage account.

Oldest is at a VA public U that costs about $26k per year (no merit aid). Younger is going to a mid-tier LAC that will cost about $30k after merit award. 529s will fully cover both of them, with a little $ left for grad school.

OP should consider what they would be comfortable cash-flowing for college and figure out where to cut to start building up college savings at least to aim for a public U cost. If you aren't happy with the public U options, there are plenty of privates that will offer merit to come down to the same range but you have to be OK with your kids not going to the most highly ranked school they can get into (you aren't going to get significant merit aid from a reach). And know that highly ranked schools generally give extremely little to zero merit scholarships. [/quote]

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