3rd attempt at posting this article

[Anonymous]

Anonymous wrote:The meat of the article is good: don’t let your kids afford something you can’t.

I can’t afford to buy my house so I took out a loan. I did the same for college because my mom couldn’t afford it. Should the people who can afford college without borrowing be the only ones to attend?

[Anonymous]

Stupid article. Not worth posting. Nothing special about the author or the kid. Everyone knows going into debt for art school is a stupid move.

[Anonymous]

i'm not saying I agree with the PP but- yes, that is how is used to be for americans: if your family could afford college you went nd if they coundlt you worked and perhaps went to night school. This idea that you can take a loan out is only about 50 years or so. The latter half of the twentieth century is an anomaly and since social mobility and the social structure is going back to what it used to be before WW2 it is silly to assume everyone should take loans for college. It is possible to make a perfect;y good living without a college degree. if you look back at american life in the periods back before WW2 people had good lives but only the wealthy had easy lives, it is silly to assume that the short period of affluence that existed 1940- 2008 will continue without major social engineering and the voting pubic is not particularly enamored of that much upheaval.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t get why the author didn’t save a realistic amount of money for college. It’s about priorities.

Do you understand that many families work to pay their bills and that’s it. I don’t have enough money to pay my bills some months so there won’t Ben any college savings. Not everyone is living beyond their means.

I do and I have sympathy for that. Her tone suggests to me that was not the case. She seems surprised that college costs money and that the $14,000 she saved isn’t going to do it. We saved from the time our kids were little. It was mostly small amounts (and a small direct deposit from one of our paychecks). We put all of those random checks you get (rebates, refunds, gifts from grandparents, and our tax refunds) into the 529. It grew over time. I think $14,000 for a donut hole family suggests they did not really try.

And I have to use every dime of my refund to pay my bills like most Americans. Most people don’t get gifts from grandparents either. My kid is thrilled at the $20 he gets from his Grandmom each year.

I suspect we will always disagree. I’m talking $50-100 per paycheck and yes, those $20 gifts from grandma. Neither my parents nor my DH’a are wealthy and we never got huge gifts from therm. DH and I both worked for the government so we weren’t rich. We were able to save $230k by starting when they were young and putting anything we could find in there. I guess that’s how I find it hard to believe the author could only save $14k.

The author said she was paying back her husband's school loans. Like I am paying for my professional school still. Saving almost a quarter of a million dollars is out of reach for most people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The author lives in Virginia. Her daughter can go to VCU, one of the top art schools in the country, and pay in-state rates. I'm not getting what the big sacrifice is here.

+1 It's not a sacrifice but is a smart financial decision. I'd be pretty pissed off at a VA school counselor pushing my kid to think that the in-state public option is inferior when it's VCU Arts! Yes, you can apply to lots of privates and maybe get merit aid but that doesn't really apply to the top art schools. They don't give much, if any, aid. VCU Arts is a wonderful option for VA kids who want to major in art.

What if a child wants to major in animation? VCU only has a kinetic imaging program that freshmen can’t even join. Private and much more expensive colleges such as Pratt, SCAD or RISD have the top-rated animation programs.

[Anonymous]

Anonymous wrote:The author lives in Virginia. Her daughter can go to VCU, one of the top art schools in the country, and pay in-state rates. I'm not getting what the big sacrifice is here.

VCUarts is really selective.

[Anonymous]

Anonymous wrote:i'm not saying I agree with the PP but- yes, that is how is used to be for americans: if your family could afford college you went nd if they coundlt you worked and perhaps went to night school. This idea that you can take a loan out is only about 50 years or so. The latter half of the twentieth century is an anomaly and since social mobility and the social structure is going back to what it used to be before WW2 it is silly to assume everyone should take loans for college. It is possible to make a perfect;y good living without a college degree. if you look back at american life in the periods back before WW2 people had good lives but only the wealthy had easy lives, it is silly to assume that the short period of affluence that existed 1940- 2008 will continue without major social engineering and the voting pubic is not particularly enamored of that much upheaval.

I know that you may find it hard to believe, but there are many highly intelligent young people who simply don't belong in the trades. There is nothing wrong with the trades, but many young people would like to enter the professional world, whether their parents can afford to pay full tuition or not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP, the reason it took you three tries is because you kept posting the link and only the link which is against the rules and I reported you. My guess is that Jeff took those posts down. Now that you’ve also posted a short post with it, it’s not in violation.

Wow. Such a snitch!

The hall monitor has nothing better to do than report innocuous threads.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t get why the author didn’t save a realistic amount of money for college. It’s about priorities.

Do you understand that many families work to pay their bills and that’s it. I don’t have enough money to pay my bills some months so there won’t Ben any college savings. Not everyone is living beyond their means.

I do and I have sympathy for that. Her tone suggests to me that was not the case. She seems surprised that college costs money and that the $14,000 she saved isn’t going to do it. We saved from the time our kids were little. It was mostly small amounts (and a small direct deposit from one of our paychecks). We put all of those random checks you get (rebates, refunds, gifts from grandparents, and our tax refunds) into the 529. It grew over time. I think $14,000 for a donut hole family suggests they did not really try.

And I have to use every dime of my refund to pay my bills like most Americans. Most people don’t get gifts from grandparents either. My kid is thrilled at the $20 he gets from his Grandmom each year.

I suspect we will always disagree. I’m talking $50-100 per paycheck and yes, those $20 gifts from grandma. Neither my parents nor my DH’a are wealthy and we never got huge gifts from therm. DH and I both worked for the government so we weren’t rich. We were able to save $230k by starting when they were young and putting anything we could find in there. I guess that’s how I find it hard to believe the author could only save $14k.

The author said she was paying back her husband's school loans. Like I am paying for my professional school still. Saving almost a quarter of a million dollars is out of reach for most people.

I was paying back law school loans at the time. Sorry! Saving only 14k is pathetic.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t get why the author didn’t save a realistic amount of money for college. It’s about priorities.

Do you understand that many families work to pay their bills and that’s it. I don’t have enough money to pay my bills some months so there won’t Ben any college savings. Not everyone is living beyond their means.

I do and I have sympathy for that. Her tone suggests to me that was not the case. She seems surprised that college costs money and that the $14,000 she saved isn’t going to do it. We saved from the time our kids were little. It was mostly small amounts (and a small direct deposit from one of our paychecks). We put all of those random checks you get (rebates, refunds, gifts from grandparents, and our tax refunds) into the 529. It grew over time. I think $14,000 for a donut hole family suggests they did not really try.

And I have to use every dime of my refund to pay my bills like most Americans. Most people don’t get gifts from grandparents either. My kid is thrilled at the $20 he gets from his Grandmom each year.

I suspect we will always disagree. I’m talking $50-100 per paycheck and yes, those $20 gifts from grandma. Neither my parents nor my DH’a are wealthy and we never got huge gifts from therm. DH and I both worked for the government so we weren’t rich. We were able to save $230k by starting when they were young and putting anything we could find in there. I guess that’s how I find it hard to believe the author could only save $14k.

The author said she was paying back her husband's school loans. Like I am paying for my professional school still. Saving almost a quarter of a million dollars is out of reach for most people.

I was paying back law school loans at the time. Sorry! Saving only 14k is pathetic.

Ah. Got it. You're a lawyer. Even Federal employee lawyers make much more thani I do. Congratulations you win at life.

[Anonymous]

I love how one person says the author saved $14k and everyone else just runs with it. The article clearly says they saved around $40k. Not great but not $14k.