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College and University Discussion
Reply to "How much are you willing to pay (or did you pay) for child's college education?"
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[quote=Anonymous]In order for us not to borrow for college, our kids will have a budget of about $40K each. That much will come from current earnings + savings. It covers most state schools and many privates that give merit aid. Graduates these days can't count on having a job that pays enough to service student loan debt, and we are trying to save for a modest retirement while funding college - so we are avoiding student loans. I think we'll all be happy with this choice when all the kids graduate with no debt and we are then able to shovel the same amount into retirement savings![/quote]
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