After you feed them, clothe them and put a roof over their head for 18 years, then they want $250,000 to go drink beer, hook up and study a little. Jeech!
If you have a kid in 2019, you'll need about $250,000 to send them to UC Berkeley in 18 years.
You can either:
1. Save a little over time or
2. Save a lot and save early
If you invest $580 a month, you'll have $250,000 saved in 18 years with a 7% return. That's $125,000 out-of-pocket and $125,000 in tax-free investment gains (if you used a 529 Plan).
Or you can save $71,000 right now which will grow to $250,000 in 18 years at 7%. That's $179,000 in tax-free investment gains.
Junior's keg stands shouldn't cost you any more than it has to.
So save more and save early.