Re: How much for college?
I graduated 2 years ago and my parents put a lot of money into EE savings bonds for me. These definately came in handy for tuition and for a downpayment for a house. Beyond that, they had me take out the max that I could for subsidized student loans (I don't have to pay while in school and the gov't takes care of the interest till I graduate). The rest they paid for out of pocket. They could have easily paid for it all, but it worked out well. I ended up with about $17,000 in loans to be paid over 10 years ($12,000 and 8 years to go). I only know of 1 person that graduated without any S.L. debt. Oh and since I stayed in the dorms, some of my room and board got added in the loan.
Actually student loans work out well because they get added to your credit score. Also, since I didn't have to do anything to them for 4 years, they just boosted my score for length I've had the accounts.
I'd say don't worry about paying for all their tuition. Interest will still be reasonable, they can take years to pay it off and it gives responsibility. They'll need to get use to paying for stuff on their own sometime. The can't rely on having mommy and daddy pay for everything for the rest of their lives.
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