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Reply to "S/O What is our obligation as parents regarding college $$$?"
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[quote=Anonymous]OP's attitude makes no sense. If there is so much resentment for providing for the children so they become successful I wonder why even have biological children with easy availability of birth control options? I think the minimum one can go with a $200 HHI per yr. would be to provide 4 years of in-state for undergrad (tuition and room & board) for the DCUM donut-hole families and maybe 2 more years of masters/grad school too. We have $350K HHI, in our 50s. We did 4 yrs of in-state prepaid tuition, 4 yrs of room and board for undergrad and then $70k for 4 years for grad school (medical, law, mba, phd) - we have 2 kids. Thankfully, DC1 got full tuition so we saved some money. DC2 will probably go OOS with some merit aid and we allocate some of the post grad funds for undergrad. We will not end up using all the money. Kids are slogging their butts off and want to earn merit money. We also don't pay college counselors or people who write essays etc.[/quote]
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