Reply to I feel like I failed my kids

Forum Index » College and University Discussion

Reply to "I feel like I failed my kids"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]At 270k/HHI can’t you cash flow a lot of this? We were at that income level a few years ago paying 45k/year on daycare for 2 kids. It was tight and meant we had to cut back on things like travel and takeout, but we still made it work.

If you could contribute 40-50k for the next 4 years that would go a long way and your DD can take loans or get a part time job to cover anything else. That would still leave you at 225k income as almost empty nesters. How high can your living expenses be at this point? I hope mortgage/groceries/car/retirement aren’t taking up that whole amount. It will be a major drop in lifestyle, but it’s not forever and will mean a lot to your kids.[/quote]

Ivies are $90k/year. We are paying $11k/month.  Two kids would be $180k/year.  
 
[/quote]

Yeah. I don’t think people realize privates aren’t 60-70k year anymore.  Most are $85-99k/year now.[/quote]

Realistically anyone with kids should have investigated costs well before high school. I remember hearing from a colleague with a kid at Vanderbilt that it was over 60k. This was about 10 yrs ago, and I realized then based on basic math and inflation private "target" cost would be 85k+ when mine went. I went to and elite and prioritized education savings. Our '25 is EDing an ivy and sibling attends a different ivy.
Then again people are dumb because a different colleague told me her kid is applying to Duke ED because she thinks it costs way less than ivies which she "heard" are 85k a semester. I had to pull up the webpages and show her. [/quote]
Our neighbors had their first baby. They really want kid to go to their Alma mater.  They could not believe it when I told them current cost is $88k/year. They paid around around $55-60k 15 years ago [/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