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College and University Discussion
Reply to "I genuinely don't get saving for college for kids"
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[quote=Anonymous]College costs are rising significantly faster than incomes. So, the college you managed to find affordable probably will not be. That starting cost you had of 40-45k is going to be much higher. When we ran net price calculators, most private schools were at least $60K (we don't get need-based aid). Even schools known for "good merit" aid generally just bring it down to about $40K, which is where you were before factoring in merit. And, your child won't be first-generation or likely qualify for a Pell grant. Some of that merit aid is reserved for first-gen and other underrepresented students. If you can save for college it is foolish to assume that everything will just work out without savings unless you are totally fine with community college + transfer to a public U (which can be a great option) or taking whatever unknown, lower-tier school will give enough merit to make the budget work. [/quote]
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