Daughter College Paid in Full on my Birthday

[Wasch_24]

Tomorrow (the 18th) I turn 42 year old. But that is not why I am so happy today. 7 years ago I signed my then 4 year old daughter for the federal 529 prepaid college trust. Basically I agreed over a 7 year period to prepay today's rate for her college that will start in 2016. The plan I could afford and chose will cover 2 years of community college and 2 years of university tuition through any in-state run school. Tomorrow I will be making that final payment.

Never in my life have I spent so much money for someone else and gotten such a gratifying feeling from it I can not put it in words. I never got a chance to start college since I turned to drugs and my parents did not guild me during the times I was struggling. If anyone else is thinking of schooling for their child, the 529 plan offers many ways to accomplish that goal. Now I have to wait another 7 years until she is out of grade school. I know there will be many trying times as our daughter grows up. Knowing she has a better chance to advance in life is one less thing we have to think about. I will be sleeping well tonight.

That is awesome Steve! Congrats!

 

[strife]

Cool, I wish I knew about this. I've been paying for my daughters classes for three years now and she still has 3 more years to go. Good for you.

 

[stogies&hoagies]

Very nice! Good work.

 

[Fox]

Wonderful news, Steve. Great job!

 

[Asher]

Congratulations, Steve. That's great! My wife and I are planning to start a college fund soon for our twin boys (6 months old on Friday!). With both of them entering college at the same time, I hope they choose public universities!

 

[Josh.CHI]

Great investment and great advice. thanks man sounds like you have something going right up there now!

 

[carocaniac]

Sounds like that's something I need to do as well. Thanks for the great advice...

 

[jwintosh]

smart man!! very smart!! and, happy birthday!!

 

[sportsmedjosh]

Congrats man, this is a great idea.

Awesome Steve!!

Now, start saving for graduate school :grin:

Make sure she applies somewhere where she can get an assistantship.

 

[VillageIdiot]

Congratulations to you and your daughter. I just recently paid off my student loan. I've been thinking about doing this for my son so he doesn't have to go through the pain of starting off in the real world owing someone.

 

[lakeside toker]

Smart man you are ,Sir.

 

[caseabb]

That is great steve! I wish my parents would have been that forward thinking. I, like most college kids, am now strapped with college loan debt. I went to private college and then to private law school. As you can imagine the amount of loans add up quickly. You are doing your daughter a great service by not adding a huge burden to her after she graduates!

 

[rabbgp]

Nice, very nice indeed.

My youngest just graduated from college. Woo Hoo!

 

[njstone]

That's so awesome, bro! I was fortunate enough to have parents that were willing to sacrifice for me, and it has made all the difference in my life!

 

[xddco]

I did the prepaid plan for two of my kids. My wife had it for all three of her kids. Two used it and have degrees with only minimal loans. One of my kids is using hers now and the other starts in 2 years.... it IS a great deal.....

Congratulations...it is an investment that will pay it forward every day of your children's lives. :yes:

 

[Jetexas]

Awesome!!!

 

[Boppa-Wasch]

Congratulations Steve! That is quite an accomplishment! Well done!