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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Sorry, but I think this discussion about what might happen down the line is seriously misguided for a couple of reasons.

First of all, no one knows what kind of financial aid will be available in the future.  It used to be that people could get more outright grants and now a lot of what is offered are loans.  I've been watching what young people are going through now burdened down by loan debt.  Does anyone really want to take the chance that spending down their college savings on something else will just mean that there's less money for college and their kid will go into massive debt?

For example, due to the sequester, some kids in DC are not getting their $10,000 Tuition Assistance Grant which goes to pay for out-of-state costs at public universities in other states.  What if you had set up your budget to rely on that $10,000?  Better if you can afford to pay for it yourself and if it becomes available, hey, you have an extra $10k.

The second thing is why not enjoy the fact that you can pay for your kid's education and won't have to rely on financial aid? We are paying full freight and it makes me friggin' happy to be able to do that.  Because my kid would be taking loans out the wazoo if we didn't have this money set aside.

I've been in a situation where I was in massive debt.  I [i]hated[/i] it. It's well worth it to me to have the money in the bank to pay for her education. I don't care if there's someone out there with a big mortgage and a fancy car who's getting a better deal.  This is the deal that makes me happy.[/quote]

I was just laying out the rules and facts to answer OP's question, no need to call me "misguided." In fact I agree with your humble brag about getting in a position to pay full freight.[/quote]My apologies!  I didn't mean to give the impression that I was selecting your post for response.  I just meant that these kinds of discussions in general bother me.  There will always be people who manipulate the system. Why be bitter about them?  I'm glad I'm [i]not[/i] them! And, as to the "humble brag," well, we are not in this position because we're good money managers so we can't take credit for it.  This does not make us better people, just luckier.[/quote]

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