We have three children and we have 529 plans for all of them. I'm also saving for them in an ING account. I am determined for my children to not have to pay 100% of their college, like I did and my husband. We are currently sitting in $25,000 of student loan debt. What a great way to start out our marriage?!?! My Dh's parents have/had the opportunity to pay for his college and chose not to, for reasons unknown to me. I would have much rather had a gift of not paying his loan from them than a honeymoon trip to Cancun.
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