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College and University Discussion
Reply to "Did you folks not do ANY saving?"
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[quote=Anonymous][quote=Anonymous]We have saved enough for in-state tuition. It’s the jump between in-state Maryland and private times two children. That’s 100K to cover 4 years at UMD for one child versus 280K to cover 4 years of private room and board. Now we would be talking over half a million dollars ...on top of living in a high cost area. We are good savers, but not great investors and to have a spare 500,000 we would have needed a good investment like if I had held onto my townhouse (who knew it would double in price after I sold it) or invested in Apple way back when. So for me it’s the reality of in-state flag ship becoming even more competitive and hearing of good students getting Spring admissions. It’s also like the Ford cars of the 1900’s “look, you can have any color car as long as it’s black”. To have choices other than in-state, my dd would need merit and/or out of state public college.[/quote] + 1. Most of the UMC people from the DMV area (a high COL area) who sound frustrated are in this situation. [/quote]
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