Reply to Advice re underfunded college savings & well funded retirement

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[quote=Anonymous][quote=Anonymous]OP if your kid is aiming for a top 30 school then he is likely to go to graduate school. I encourage you to insist on no loans for the undergraduate degree which is reasonable given that you can afford to spend approximately $30k a year. 
You did not mention your state or what your kid wants to study. If VA, UVA, VT and W and M are all fine options depending on his interest. If he is interested in a small liberal arts college there are a number of SLACs (Denison, Kenyon, Oberlin, Earlham to name a few that are great and many are mid priced and many offer generous merit based aid. 
Don’t jeopardize your retirement security or your spouse’s medical care or your child’s financial future because it is tough to have these conversations with him.  Tell him the truth with love and empathy. You are actually doing really well financially given your ability to maintain a robust retirement account, take care of significant medical bills and afford $30k a year for 8 years. There is no need for your children to feel financially insecure unless you jeopardize this to pay $75k for 8 years [/quote]

I completely agree with this.

OP, read the book The College Solution.  The author has a blog by the same name and both are very informative and helpful.[/quote]

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