Re: How much to save for kids' college? And what about life insurance?
My ex and I bought the Pre-Paid Affordable College Tuition packages for both of our kids. Combined they were about $15k (now they are listed at about $20k per child!). But, all their tuition is paid for if they go to an in-state college (which my daughter is doing). It pays for 138 hours of tuition. She then got athletic scholarships and academic scholarships that will pay for room, board and books with cash left over that she will get for whatever. For her athletics, she's required to live in the dorms the first year, but after that, she can either find someone to split an apartment with or move back home (we're about 45 minutes driving distance to the school). If she moves back home, all the money from her scholarships will be cash in her hand for whatever expenses she has. I'd check and see if your state has the PACT program. It's guaranteed to pay for the tuition...
Dixiechick
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