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Reply to "How to pay for college: specific scenario "
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[quote=Anonymous][quote=Anonymous][quote]Thank you to both posters. Yes, literally everyone suggests prioritizing retirement over college. That’s what we are doing. And because of health issues, we need to have money available for the present and our future (including long term care down the road). We drive old cars. We live modestly. I literally cut my own hair. Never go to Starbucks. People criticizing me for buying an extravagant home ($400k in dc metro area) are ridiculous. We have saved as much as we could and will cover what we can for college. Pretty sure that’s what most people do. I know very few people who were lucky enough to easily cover OOS expenses. [/quote] OP, I think you are doing great financially. Having enough college savings to cover tuition for 4 kids, even in-state, is admirable on $180k IMO. That said, and at this point it doesn't help or matter, but I think you should have told kid you would not contribute at all to current school, because this situation was avoidable. Do the hard thing now and tell kid how much you can contribute per year, and let them make some decisions.[/quote] and is the money that was not contributed for year one on the table? [/quote]
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