Reply to Is anyone not saving to pay for all of their kids' college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. We aren't intentionally not saving. Our HHI is 105k with two kids in childcare. Theres just not much to go around.[/quote]

The contingent on the DCUM money forum have a lot of wealth and have no concept of what it is like to live like normal people.  Many of them also have generational wealth with grandparents that helped them buy their house or pay for their kids private school tuition etc.  Completely out of touch with most of the world.  There are many, many people who cannot afford to save enough to completely cover college for their kids.  College is so incredibly expensive now.

Cue some jacka** who will tell us how they make 100k a year and have a mortgage in this area and yet are maxed out for retirement and save huge amounts of money a month for college or some such BS.

[/quote]

At an income of $100k, a kid would probably be eligible for financial aid. The point of many of these posts is that kids from higher income families are screwed if their parents didn’t save because their parents families’ higher income keeps them from receiving financial aid.  [/quote]

the EFC at 100k is still crippling without college savings. Any public school would also expect loans to be maxed out before any aid which may mean no aid because tuition - loans would be more than the EFC. [/quote]

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