After saving for Sophie’s education for almost 18 years, it’s almost time to use our 529 plan for college expenses. I’m just starting out on the journey of sticker shock 🙂 But I can tell already that I’m going to need to get seriously organized if I’m going to do this right. So here’s what I’ve learned, as a high school senior parent. It’s a bit complex- using a 529 plan to pay for college. I’ve learned a bit, but no doubt more lessons are to come!
(I’m updating this post from September 2021 based on my insights after 6 months into senior year. As I should have expected, it’s getting more expensive!)
I like to think that I am a pretty well-prepared person. And I also consider myself to be quite on top of finances and forward-thinking in terms of what costs are coming up. But the expenses of having a senior in high school really surprised me, and I’m a bit caught off guard. So I’m hoping that I can share my experience- so you will be better prepared than I was!
