ST Alpha - "This is me with my 529 college savings plans. It's a really good amount but by itself only would cover say two years of a private school tuition" (Reading a Post)

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In response to "I'm freaked out that I'm nowhere NEAR on track with my 401k" by ty97

This is me with my 529 college savings plans. It's a really good amount but by itself only would cover say two years of a private school tuition

Posted by oblique, SuperFeud Champion and Tenth Astronaut (aka kkuphal) Oct 20 '17, 08:24

and we've been saving since he was born

Now granted, he's getting good offers for half tuition scholarships, but that's just tuition, not room and board, etc.

It's hard to imagine that what we've been saving for 17 years still isn't really what we need.

Responses:

we have RESPs here. Feds give you 20% up to $480 I think it is ($2400 from you gets you $480 from the Govt right away) - Beaker Oct 20, 08:34
I've done calculations of what you would need to put away to cover everything. It's ridiculous. All because the school inflation rate far exceeds most - decline Oct 20, 08:29 3
- I'm actually pleased at the end of the day that we're getting as close as we are. We don't want him to carry any debt - oblique, SuperFeud Champion and Tenth Astronaut Oct 20, 08:32 2
  - that's great of you as parents :) -- nm - decline Oct 20, 08:40 1
    - It was much harder when we first started savings when my wife was home with the kids and not working full time out of the home. That college savings - oblique, SuperFeud Champion and Tenth Astronaut Oct 20, 08:43

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This is me with my 529 college savings plans. It's a really good amount but by itself only would cover say two years of a private school tuition

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