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College and University Discussion
Reply to "Paying for Private College"
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[quote=Anonymous]The kid should be making up the difference with summer and part-time work, not the dad. And "wanting to go away" is a non-essential wish. A family with income of $125K needs to be more down-to-earth wrt college education. I understand the parent's motives, but by underfunding his own retirement he is ultimately short-changing his kid. It is true that safety (lower-tier) private colleges may give discounted tuition, but in today's financial climate these deals are getting more and more competitive and many schools are cutting aid. Also, unless the kid is a genius, lower-tier college might turn out really crappy and it would have been better to go to state school, especially if the family is in MD or VA.[/quote]
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