[USER]

Questions about college expenses.
We have a 529 that doesn’t quite meet what we will need for our daughter’s college expenses.

We will be cash-flowing the rest. How do you handle those? Our daughter is a senior and is planning on a 4-year degree.

Do you put the money into a HYSA? Or do you put in a brokerage account? Or do you continue to fund the 529?

We are in TX, so no state income taxes. Our 529 is through Utah’s 529 program, and our daughter will most likely be attending college in Oklahoma.

What’s nice is not paying federal taxes on gains from the 529…but I wonder if I should keep putting the money in there.

When did you stop contributing to the 529? She’s our only child, so we won’t need to pass it down. Also, she’s only planning on a 4-year degree at this point.

I would greatly appreciate any advice from parents who have done this before.

[Anna]

Our son is in college and we still contribute to the 529 while drawing from it.

[Golden]

Just a side note. Open 529 plan as soon your child is born. Front load contributions in the first 10 years, then you can stop and not contribute anymore.

Then let compound interest do its job.

[Cindy]

Apply for scholarships NOW! Our daughter applied for 42 and was awarded 4! One scholarship they had 8 people apply!

Most kids won’t even try! Google scholarships!

Best Buy, Kohls, Marriott Hotels, credit unions! So many more!

Yes, takes a lot of work but as I told my daughter, scholarships pay more than babysitting!

[Author]

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