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College and University Discussion
Reply to "Donut hole reality "
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[quote=Anonymous][quote=Anonymous]A tiny subset of people think it's smart and shows "value" by saving for 18 years - skipping out on taking kids to see London or having an apartment with a third bedroom - so you can blow it all for 4 years of Vassar. Just so that kid can then grow up to save and scrimp for 18 years in their 2 bedroom, 1 bathroom apartment with 1.4 kids Most Americans making 250k feel fine about having a 4th kid, putting in a pool, buying that Serena and Lilly patio set, going to see the World Cup, sending their parents on a cruise, buying their 18 year old a car, throwing a big wedding, writing a check for kid's downpayment and generally enjoying life. Sure, their kids go to U of Illinois or Wisconsin. Guess what? They have a ball and then get the same jobs as our kids. DCUM is home to that first tiny subset. Most Americans do not find this life at all aspirational. [/quote] I agree, it does make more sense to live life. Save for in-state at a minimum and then maybe for mid tier private (if instate is $35-40K now, perhaps $50K/year). Then live your life as you want and send your kids to schools you can afford. But do not complain that you cannot afford $80-90K/year. You could have still lives life some and chosen to save more for college if that was your top choice. I agree, most should not do that. But if you want the elite, tippy top school then you have to save. Nobody is entitled to it. And yes, those making Sub 100K will get great aid at those schools---those schools can choose how to provide aid as they see fit. If you don't like it nobody is forcing you to attend [/quote]
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