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[quote=Anonymous]We were penniless immigrants in our 30s before we became MC.  Started to save for our twins when they were born. Our aim was 2 yrs of community college first.  We paid into MD prepaid trust. So that was 10K for each kid (1 yr).  Then we paid for 3 more years for 4 yrs each. Finally, we added one more for 1 yr of grad school. So our contribution was  50K for 5 yrs of MD prepaid trust for each kid. Total of 100K.

By the time kids went to college, they were competitive enough to apply to MIT and Stanford. If they would have got in, we would pay for these two schools (they are both CS/Math majors) through our cashflow. But not taking any loans at all.  These were the only two schools we were remotely interested in besides UMD.  However, they did not get in and instead are in UMD. With a hefty merit aid.

We are now UMC but  we are not stupid with our money. Life and financial requirements/obligations do not end after college.  Our kids have to live in a world that is not stable, economies that are not stable, pandemics can happen  more frequently, AI can take away their jobs. In such a situation, you should get your college education from a place that maximizes your education dollar. If someone wants to go the community college route, they are actually very smart.  I have a relative who did the same and now earns $$$ in tech. [/quote]

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