Reply to Is anyone not saving to pay for all of their kids' college?

Forum Index » Money and Finances

Reply to "Is anyone not saving to pay for all of their kids' college?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think parents who drive luxury cars and live a lavish life in other ways but don’t even offer to pay in-state college costs for their kids are really low class. [/quote]

Does that even happen? We drive luxury cars and our kids go to private school and I can’t imagine parents who are already paying 45kyr for an independent school are going to stop at college.[/quote]

Yes, it does and you are extremely wealthy  so  you have no concept of what OP is saying.  The discussion is really about lower income, under $110K a year - basically what you pay for two kids to go  to  the  private school.   Its  just not possible to  save after taxes.[/quote]

DP here. For us, regardless of if we had a good HHI or not, college education in a high paying STEM major was a must for our children, especially since we are first gen immigrants here, and we see education as the primary route to being successful for our kids.    Even though our kids did not go to community college, I have nothing but admiration for CC, because I have seen and experienced how great they are. Yes, CC was a very viable and attractive alternative for us, if needed.  Also, we made sure that our kids were getting the best education and working extremely hard to excel in their academics and extra curricular education in their public high schools, so they would be attractive candidates for colleges and they could actually be able to do well in college.

We poured time, effort and  money into making sure that our public school going children were highly competitive and high performing. However, we did not want to waste our money on private school for K-12 as we are not wasteful (or 1% rich) and we did not think that any private school could match the STEM education given by public schools. My kids have gone to flagship in-state schools for STEM majors with generous merit aid for tuition. . Our HHI is around 350K, and we have done the prepaid for each of them as well, which got used for room and board. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics