Reply to MS parents: How much have you saved for college (529, etc.)?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's a whole different ball game out there with respect to loans for tuition.  For example, in the 1980's, tuition cost me less than $2,000 dollars a year at UVA.  I was able to pay this with some assistance from my parents, summer jobs, and by working 10 to 15 hours a week.  Now, tuition is over $13,000.  A student would have to work about 60 hours a week at minimum wage to cover tuition, let alone room, board, and incidentals. [/quote]

That’s why you take out loans while you are in school and not making much money. You repay them when you have a FT job. Do you understand that this is what the majority of college students do? People have enough trouble paying their bills let alone have extra money to put aside for college. [/quote]

Props to everyone who has saved so much...it is a very hard thing to do these days! 
For us and many others we know, our health care, housing, and own retirement savings eats up so much of our budget. It is harder & harder to save.[/quote]

Its not hard if you make it a priority.  If your priority is to live in a big or nice house and lots of retirement, then its hard to save.  If you live like some of us in small homes and don't do a lot of vacations or extras (and yes we save for retirement/max out what we can), its not that hard to put $10K away if you make $150-200K or more a year.  We comfortably do it.[/quote]

That’s what I would expect people who actually make a lot of money to say. If only people barely getting by made college savings more of a priority...  :roll:   I rent an apartment and I will never, ever make enough money to buy my own property. I make around $55K as a single parent. No amount of prioritizing will allow me to save money for college. Some months I have to choose which bill not to pay. I am glad you are comfortable on your income. I would be too since it is three to four times my own.  You do realize people make MUCH less than you do, right?[/quote]

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