OT: College loans/expenses

[BobC]

Originally Posted by EDS

I have two young daughters and have 529s for both. I wish the $10k limit on tax savings were per child. Of course, even if I put in $10k per child per year it won't be enough.

Yes it will. I am proof of that. Both my sons have very robust 529s. My wife & I committed to it early and kept at it every year without fail. Saving is hard, but 529s absolutely will get you to the finish line.

[shovelhd]

Originally Posted by bicycletricycle

personal anecdotal experience-

went to well known (#1 or #2) school for industrial design.

Which school? Mine is at Syracuse VPA.

[shovelhd]

Originally Posted by BobC

How many of you folks with young kids have started 529s?
& how many of you that have kids currently in or around the college age have 529s?

They didn't exist for my oldest. The 529 paid for almost the first two years for my youngest.

[shovelhd]

Originally Posted by AngryScientist

hey, you can only do what you can do; and saving for kids college education at the expense of financial security for retirement is a fools errand.

time = earning power, and when your time is up, there is no reset button.

True, but as a parent, my kids will always come first. If that means I get to do less in my retirement or work a little more, so be it.

[bicycletricycle]

Originally Posted by shovelhd

which school? Mine is at syracuse vpa.

risd