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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most of the people I know didn't have loans.[/quote]

Are most of the people you know from very upper class families?[/quote]

No, it was just cheaper back then. But now that I think about it, I know people who had grad school loans.[/quote]

I don't know a single person who didn't have undergrad loans who wasn't very wealthy. (class of '89)[/quote]

Considering college was cheaper back then, this exemplifies why the pressure for middle class to pay all of it is becoming unrealistic. There was a separate thread about saving $1M(!!!!).

Only the very wealthy can do that, or perhaps middle class who essentially live poorly and/or have some form of generational wealth (like didn't have loans, unexpected inheritance, etc.) to help them in that pursuit.[/quote]

DP to add, even becoming unrealistic for UMC. UMC can perhaps cover state tuition if they plan very well, but private tuition for more than one kid? It's like fully owning 3 houses.[/quote]

Umc can afford college.  It’s about lifestyle choices.  [/quote]

Depends on a lot. Are you UMC because you got there quickly with generational wealth, your parents helped you pay for college and/or cars previously, a down payment on a house, etc.   Or are you UMC after spending 1-2 decades paying off prior loans, saving for a down payment (in our case, $3k was all we could afford on a fixer upper in an "undesirable" area), and climbing the ladder?

Are you UMC technically by national income standards but MC in an urban area because you are beholden to a job in a HCOL area? FAFSA doesn't care if you live in DC or rural flyover country. My income is $120k but would be $40k less outside of the DMV area. DH would also earn considerably less.

But yes, we're UMC technically speaking. No, we won't be able to afford to send our kids full ride.[/quote]

Sounds like excuses.  Our mortgage was $2200 as we knew we had to save for college.  Fafsa should not care.  [/quote]

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