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[quote=Anonymous][quote=Anonymous]The most expensive schools are now close to 80k all in. Even if a kid gets a full tuition scholarship, which is rare, you could be looking at loans that still add up to 50k plus (for 4 years) just for dorms and living expenses.

And this is for the student who is the very best of the best, meaning they scored free tuition. Ask yourself seriously if this is likely to be your kid.[/quote]

But there are plenty of state schools (maybe not T40, but amazing schools) that most students can get admitted to that are only $25-30K all in.  Take the $5k in loans each year and have the kid work summer/breaks and part time during the year.  Kid can earn $10K.  That leaves another 10K per year or maybe $15K with spending/books/transporation/etc.  If parents have saved even a bit, they should be able to cash flow and use 529 to pay the 15K.  If not, then parents will need to take loans.  Or better yet, your kid does the CC route for 2 years, lives at home and transfers.  There are affordable options if you actually do not want to take loans.  
I do feel sorry for kids whose parents make $150K+ and have not saved, as they are screwing over the kids---they will not get much or any aide beyond $5K in loans.  But really if parents have saved even $50-60K, in the above scenario, they only need $15K/year and that's 60K total.  So if kid is willing to work hard they can attend college with minimal debt ($20K total loans).  
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