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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is frustrating that if you make $250k now, the assumption is that you have been making $250k long enough to save $320k for your child's education. For those of us who only started making that amount of money when our child was in high school (with both parents working all along), that's not realistic.

It's not the end of the world; our child will be fine. But it's quite the bucket of cold water to realize that a whole lot of schools are completely inaccessible to your kid, schools that would have been accessible a few years ago when we made $100k.

And FWIW, I am fully aware that $250K is NOT middle class! It's a great income and we're grateful. But having that income now doesn't magically make $300k of savings appear.[/quote]

Here's an idea, you take the extra money you earned and put it to college savings if "top" privates are important to you.  Even if you made $150K, you should have been saving at least for a state school and when you made much more put it into savings vs. lifestyle.  So, just curious when you are screaming poverty at $250K, how much did your house cost, your cars, how many vacations, even weekend vacations did you take in the past 5 years?  Much of it is lifestyle choices.[/quote]

+1000

You could have chosen to save majority of the pay increases over the last 5 years if "elite private education" was of value to you.  DOn't upgrade your house or lifestyle instead save for college and retirement.   But apparently most do not seem to understand the idea of personal accountability or personal savings.  [/quote]

DH went from a combined HHI of $150K to $400K + a bonus in one year. We banked the extra money for years. Some times I wish we would have spent a little more on certain things, but there have been many more times that I have been so grateful for that extra money. Truly so.[/quote]

You managed to save money with a 400k hhi; how did you manage? You should totally teach a seminar [/quote]

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