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College and University Discussion
Reply to "How much in their 529?"
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[quote=Anonymous][quote=Anonymous]Don't be so quick to brag. You have to report it on fafsa and will bring down your score in their formula as to how much financial aid you'll get. It's really sucky. You're making sacrifices for years to save for your kids' college tuitions only to have it be held against when they view it as an "asset".[/quote] Most privates don't hold reasonable savings against you by that much. We saved about 100k for each kid by 1st year of college and had another 80k in savings and got decent FA for LACs and T15s. We did equity fund for one and started in a targeted for the 2nd, then realized how sluggish it was, so added a S&P 500 index. Timing on that wasn't great, but it rebounded. Overall have done very well. Income is a far greater factor for FA. [/quote]
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