Parents Paying for College is Real Reason College Has Become Unaffordable for Many

[Anonymous]

Anonymous wrote:529 are also a culprit. Colleges know how much money is invested in those accounts and price accordingly.

This may be true of people on the margin, but once you're above a certain level of income and assets in a brokerage account or other investments, you need a 529 plan because you're not getting aid.

[Anonymous]

Anonymous wrote:
OP,

Are you paying for your child's education?

Still waiting for OP to answer my question.

Turns out it was just a troll who created a thread and ran for it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:529 are also a culprit. Colleges know how much money is invested in those accounts and price accordingly.

This may be true of people on the margin, but once you're above a certain level of income and assets in a brokerage account or other investments, you need a 529 plan because you're not getting aid.

Yeah, people saving for college is not the issue. It's know plenty who have enough saved for $400K college and some of medical/professional school, but they advise their kids to smartly save money on undergrad leaving more for graduate work.

[Anonymous]

The problem is society has made college some false flag prerequisite for adulthood. Most kids who go to college have no business going and the schools have followed suit creating party degrees, find-yourself BS and only lastly ever increasingly competitive job degrees.

No one should pay for partyU an only rich kids should go to Find-yourself BS. With OJT factories all but a thing of the past, people defaulted to emulating what good kids from good families did (coupled to limitless debt) without the rest of the faculties they come with all while expecting similar results. The truth is most kids college is an act of hubris and a life altering waste of money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:529 are also a culprit. Colleges know how much money is invested in those accounts and price accordingly.

This may be true of people on the margin, but once you're above a certain level of income and assets in a brokerage account or other investments, you need a 529 plan because you're not getting aid.

529 is a savings account rather. It's a bad deal compared to a regular investment account.
Kid will pay for his own semester from his tax refund. He will be independent, poor, and living in a different state from parents.
We cannot use 529 or he wouldn't get such a large refund in April.
People don't understand what they give up when they save in 529.