<prompt> Human: Good morning. My daughter just got into one of her top choice schools, which happens to be a privateIvy. Ideally, I would love to pay for everything and I might be able to do, but I am not sure what direction to go, so I am looking for some advice. Here is is the:College Cost: Appx: 50kyearHer 529 plan: 110KNow, where to get the other funds. My wife and I have a mutual fund of our, appx: 62K which we would consider using for this. I am currently maxing out my 457 plan which is 692check based on 26 checks. My wife is currently contributing 400check to her 529 plan. NOTE: I have two other kids which my wife contributes to. So, one thought was for me to decrease my contribution to my 457 and open a 529 and contributeits my understanding that I cannot contribute to her established plan and need to open another. Any thoughts on this? Thanks in advance.  <response>: To be blunt, just because she got accepted into her dream school doesnt mean she has to go there, especially if none of you can afford the 200k pricetag for an undergraduate degree. 