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How much is goal to save for each kid’s college?

Posted on 10/8/19 at 4:33 pm
Posted by Gaston
Dirty Coast
Member since Aug 2008
39163 posts
Posted on 10/8/19 at 4:33 pm
Only one child here, and it’s a tough question. So far I’ve just put money away in a 529 program, but I’m still not sure what all types of expenses that program is good for...and what happens if they get scholarships?

$50-60k? That would cover in-state (Ms State or Ole Miss), out of state to LSU would be 2-3 times that, Auburn 4.


OT answer, $350k.
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 10/8/19 at 4:34 pm to
college pre-pay baw
Posted by Popths
Baton Rouge
Member since Aug 2016
3993 posts
Posted on 10/8/19 at 4:34 pm to
I thought the Dems were going to pay for it.
Posted by rowbear1922
Lake Chuck, LA
Member since Oct 2008
15207 posts
Posted on 10/8/19 at 4:34 pm to
Bout Tree Fiddy

ETA: welding school is even cheaper
This post was edited on 10/8/19 at 4:36 pm
Posted by Tigeralum2008
Yankees Fan
Member since Apr 2012
17163 posts
Posted on 10/8/19 at 4:35 pm to
quote:

How much is goal to save for each kid’s college?



$0

Let them pay for their own education. The stakes are higher when you have skin in the game
Posted by crewdepoo
Hogwarts
Member since Jan 2015
9707 posts
Posted on 10/8/19 at 4:35 pm to
Tuition should be free by then. Buy a boat with that money
Posted by Geauxtiga
No man's land
Member since Jan 2008
34377 posts
Posted on 10/8/19 at 4:35 pm to
It’s soon gonna be all online.
Posted by USEyourCURDS
Member since Apr 2016
12083 posts
Posted on 10/8/19 at 4:36 pm to
$22,400/64
Posted by TigerChief10
Member since Dec 2012
10858 posts
Posted on 10/8/19 at 4:37 pm to
Its free if you have a little athlete like you do
Posted by Parmen
Member since Apr 2016
18317 posts
Posted on 10/8/19 at 4:38 pm to
My wife and I both put ourselves through school. It'll be even easier for our children so they'll be expected to do the same.
Posted by Slagathor
Makin' jokes about your teeny tiny
Member since Jul 2007
37927 posts
Posted on 10/8/19 at 4:40 pm to
Dog Charm School isn't that expensive, so we're probably just gonna wing it.
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55969 posts
Posted on 10/8/19 at 4:41 pm to
100k is a good #
Posted by cubsfan5150
Member since Nov 2007
15836 posts
Posted on 10/8/19 at 4:41 pm to
18 mos of my GI BILL
Posted by Y.A. Tittle
Member since Sep 2003
101886 posts
Posted on 10/8/19 at 4:41 pm to
quote:

out of state to LSU


I would suspect you'd be able to finagle in-state.
Posted by OKellsBells
USA
Member since Dec 2016
5264 posts
Posted on 10/8/19 at 4:43 pm to
I’ve been encouraging our kid to become a plumber so he can help Dad and I pay off our student loans.
Posted by yellowfin
Coastal Bar
Member since May 2006
97792 posts
Posted on 10/8/19 at 4:43 pm to
150k per kid but not all in a 529
Posted by LSUCanFAN
In the past
Member since Jan 2009
28073 posts
Posted on 10/8/19 at 4:46 pm to
$14000 $3500x4 wife is university professor so free tuition but I want kids room for a study so we will pay for dorms. He can pay for his own meal plan or eat his Dads Cajun food.
Posted by schlodc
Member since Dec 2015
37 posts
Posted on 10/8/19 at 4:48 pm to
If you don't have a Roth IRA or haven't maxed out your contribution, that is a good vehicle to save for college. One of the eligible withdraw options is college tuition. If your kid gets a scholarship and you don't need it all then it is extra retirement money.
Posted by hottub
Member since Dec 2012
3388 posts
Posted on 10/8/19 at 4:48 pm to
20k/kid by age 5 is our goal.

On pace for that now.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119862 posts
Posted on 10/8/19 at 4:50 pm to
Ole Miss > LSU
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