Posts: 16,917
Threads: 1,500
Joined: May 2025
Reputation:
0
just checked my son's 529 plan. it's down 23% and less than $1800 away from the original contributions. college is 4 years away. putting this year's small contribution in was an act, or leap, of faith.
ho boy...
Posts: 31,131
Threads: 1,758
Joined: May 2025
Reputation:
7
All I can say is thank goodness for the Georgia HOPE scholarship. I hope the economy doesn't mess that up, since my daughter will be starting college next fall.
Whippet, Whippet Good
Posts: 25,197
Threads: 9,431
Joined: May 2025
I just stopped looking all together.
Posts: 7,265
Threads: 745
Joined: Dec 2014
Reputation:
0
graylocks, even though college is four years away, it's not too early to start looking for aid. Get yourself a FAFSA and start looking for a workshop on filling it out. It's a daunting application. The state of Maryland has lots of financial aid workshops--many of them are in libraries. Ask the librarians what they know--I bet you will get a lot of information. Don't depend on the school's guidance counselor--many of them are undertrained and overwhelmed. Good luck! I know your son will make it through.
Posts: 37,100
Threads: 2,599
Joined: May 2025
Reputation:
0
four years is a decent amount of time for market rebound. further, i think that 529 money was pre-tax so you're still ahead
Posts: 27,160
Threads: 2,805
Joined: May 2025
I worry about the state run prepaid plan we are in. It is the largest in the country and I'm betting earnings are way off which will have an impact on what they can pay out, tie that to record tuition increases (more thanks to the republican state legislature) and I can see it getting cancelled on those more than two years out which is what the contract allows for.