Reply to Advice re underfunded college savings & well funded retirement

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I just checked the us news rankings for first time in 20 years. NYU is 30th. That may be my cut off for worth it for loans.

Your kid should probably just go to UVA.[/quote]

UVA is ranked higher, if you care about this sort of thing.[/quote]

I am not as familiar with majors and rankings nowadays. I was one of the NY posters and never heard of UVA before moving to DC. I did know a girl at Yale who went to UVA undergrad but I didn’t know UVA from Penn State or Rutgers.

Once upon a time, NYU was at the top for finance and law.

I also dont hear about Columbia or Cornell around here. I am sure it is geographic.[/quote]

Honestly? It boggles my mind that anyone would choose NYU (much less over over the University of Virginia, or for that matter the University of Maryland).  Big classes, very high tuition, expensive housing, all about the rankings, lack of focus on undergraduate teaching.  If you’re going to a larger research university as an undergrad,  then pay in-state tuition and be done with it. [/quote]

Pp here. My kids are still young. I will support my kids where they want to go. It doesn’t really matter if tuition is 100k of 20k per year for us.[/quote]

If you can comfortably afford it, that's great.  I would love to send my child to a $100K school and we are saving but there is no way we can reasonably do that and fully pay.  My goal is to fully pay for college and graduate school to give them the easiest start to life as my parent gave me.

BUT, OP has a special needs child who may need an expensive college depending on the child's needs and where they can get in.  That is a completely separate issue.  Other child does not.  The best plan is to go to a school where OP can comfortably help as much as possible.  Did you read about the costly medical care for the spouse?  Realistically if that keeps up and they are going into savings now, that's a huge issue.  So, do they spend $100K on a fancy school or $25K and parent gets medical treatments?   You are lucky you don't have to make those choices.   I am on a medication that out of pocket is about $1K a month.  We have no choice but two pay it.[/quote]

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