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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]People save for college so that they can give their kids a head start in life. Your kid may or may not get merit aid. What’s more, the best schools do not give “merit” aid and your income/net worth will count against their need based financial aid. Even a “cheaper” school may be out of reach for your kid in that case. If you can pay as you go, this is obviously not an issue for you. If not, do you really expect your kid to turn down a top tier school or be saddled with tens of thousands in student loans because you didn’t want to save for college? [/quote]
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