Anonymous
08/23/2013 19:01
Subject: How old are your kids and how much do you have saved for each of them for college?
Anonymous wrote:Anonymous wrote:Wow! Good job folks.
Honestly, I think college is overrated.
Did you go?
Yes I went to JMU.
Anonymous
08/23/2013 18:49
Subject: How old are your kids and how much do you have saved for each of them for college?
7 and 14, Big Fat Zero.
But I have arranged it that I will take off 6 months off of work from my company when each of them finishes high school. Larry will pick up the slack.
We will spend that six months up in Alaska, where I will teach them to fish, to hunt, to ferment meats, and to pickle wild grasses. My uncle has some good land up there - not real farming land, but quiet.
I see which way this country is headin, and I sure as hell know that what I teach them in that 6 months is going to be a damn site more valuable than wasting money smoking pot and drinking funny lemanade in some fruity Ivy leage.
But I have arranged it that I will take off 6 months off of work from my company when each of them finishes high school. Larry will pick up the slack.
We will spend that six months up in Alaska, where I will teach them to fish, to hunt, to ferment meats, and to pickle wild grasses. My uncle has some good land up there - not real farming land, but quiet.
I see which way this country is headin, and I sure as hell know that what I teach them in that 6 months is going to be a damn site more valuable than wasting money smoking pot and drinking funny lemanade in some fruity Ivy leage.
Anonymous
08/23/2013 18:35
Subject: How old are your kids and how much do you have saved for each of them for college?
110k in a 529, one kid 10 yo. Not planning on funding it anymore as we can easily pay any tuition differential through cash flow.
Anonymous
08/23/2013 17:37
Subject: How old are your kids and how much do you have saved for each of them for college?
Anonymous wrote:Anonymous wrote:2 years - $12,000 in a 529
.
Same here. I would love for DC to go to one of the Academies....
+1
Anonymous
08/23/2013 17:37
Subject: How old are your kids and how much do you have saved for each of them for college?
Anonymous wrote:Anonymous wrote:4 month old, $0 so far.
Considering paying full tuition for a state school (md). Seems like most of the posters did not opt for that route, any reasons (beside you were sure you were going private)?
Many reasons. Have no idea if we'll be in this area that long, not sure at this age which, if any, decent state schools DC would likely be admitted to so want to keep options open, don't want to bind DC into attending school THAT close to home (especially in the case of UMD).
Same here, and now that my son is 15yo, it is clear to me that U Md would be a bad fit for him - much too large, and too close to home.
Anonymous
08/23/2013 15:31
Subject: Re:How old are your kids and how much do you have saved for each of them for college?
Mine are 14 and 16. We have fully paid the pre-paid tuition for VA and they have ~$50k in their 529s for R&B and expenses. They will be responsible for their incidentals. We also have around $120k in other savings to which we are adding ~$10-20k a year, in case they go to an out of state school. If they go to a higher tuition school that makes sense, I will go back to work to make up the difference.
Currently, my "worst case scenario" (in terms of $$$) guess is that one will go out of state to a big name state engineering school which will cost us about $100k more than the prepaid tuition + $50k and the other will get a middling scholarship to a really high end school. Then I would have to make a few more $$. "Best case scenario": They both may end up in state and then we can help them with graduate school or for something else. We shall see what happens.
Currently, my "worst case scenario" (in terms of $$$) guess is that one will go out of state to a big name state engineering school which will cost us about $100k more than the prepaid tuition + $50k and the other will get a middling scholarship to a really high end school. Then I would have to make a few more $$. "Best case scenario": They both may end up in state and then we can help them with graduate school or for something else. We shall see what happens.
Anonymous
08/23/2013 14:39
Subject: How old are your kids and how much do you have saved for each of them for college?
Anonymous wrote:4 month old, $0 so far.
Considering paying full tuition for a state school (md). Seems like most of the posters did not opt for that route, any reasons (beside you were sure you were going private)?
Many reasons. Have no idea if we'll be in this area that long, not sure at this age which, if any, decent state schools DC would likely be admitted to so want to keep options open, don't want to bind DC into attending school THAT close to home (especially in the case of UMD).
Anonymous
08/23/2013 14:20
Subject: Re:How old are your kids and how much do you have saved for each of them for college?
Anonymous wrote:Anonymous wrote:4 and 6; $0
We are fully funding retirement account and don't have any money left over.
I'm with ya!
This is us. We have decided to stay in our "starter" house till our kids are done with college so that by the time the oldest is a senior in highschool we will have no mortgage. Its not a substitute for saving for college but with no mortgage we will be way more likely to be able to pay as we go.
Anonymous
08/23/2013 14:16
Subject: How old are your kids and how much do you have saved for each of them for college?
2.5, $22k
4.5, $42k
4.5, $42k
Anonymous
08/23/2013 13:34
Subject: Re:How old are your kids and how much do you have saved for each of them for college?
Anonymous wrote:4 and 6; $0
We are fully funding retirement account and don't have any money left over.
I'm with ya!
Anonymous
08/23/2013 13:09
Subject: How old are your kids and how much do you have saved for each of them for college?
5 and 2. Maybe $30K. But considering we pay $3K a month now for daycare, I figure we can easily swing that come the college years as well.
Anonymous
08/23/2013 11:40
Subject: How old are your kids and how much do you have saved for each of them for college?
4 month old, $0 so far.
Considering paying full tuition for a state school (md). Seems like most of the posters did not opt for that route, any reasons (beside you were sure you were going private)?
Considering paying full tuition for a state school (md). Seems like most of the posters did not opt for that route, any reasons (beside you were sure you were going private)?
Anonymous
08/23/2013 11:14
Subject: How old are your kids and how much do you have saved for each of them for college?
1 & 3, we have about 40k total, HHI is less than $90k.
Anonymous
08/23/2013 11:03
Subject: Re:How old are your kids and how much do you have saved for each of them for college?
2 years old - Invested about $13K so, I think the account is worth just shy of $16K now. One grandparent has a 529 for DC as well, I think it had $10K the last time I saw a statement.
Anonymous
08/23/2013 09:52
Subject: How old are your kids and how much do you have saved for each of them for college?
Anonymous wrote:2 years - $12,000 in a 529
.
Same here. I would love for DC to go to one of the Academies....