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College and University Discussion
Reply to "Jeff Selingo on people skipping "target schools""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Truthfully, as a slightly higher than donut hole range family---it's hard to justify $85k-90k year at even the top 10 schools. It's gotten way out of hand![/quote] If you haven’t saved for it, yes. But if you’ve been saving you would have 300k+ in a 529 and then you realize, this is exactly why we saved and let your kid attend if it’s their first choice [/quote] It’s great to have the money so you have the choice. But you still have to ask, regarding a $350k private school vs a state flagship, “is this the best use of the money?” [/quote] If you have fully saved for retirement, are not living life on credit, and pay all your bills, that determination is up to each person. Some of us value education and view it as our parental responsibility to help our kids graduate debt free. So we make it a priority since they were little. And for most of us who have saved that much when we only make $200-250K/year, the answers is "yes" we believe it is a good use of money. [/quote] Thanks for the condescension 🙄 but I value education and nevertheless do not believe the only place one can obtain it is a $350k private school. I “only” make $225k and I have enough saved to pay for a private but there is certainly a good case for paying less for undergrad and doing something else with the unspent savings (grad school, down payment on a house, pass it on to grandchildren, etc).[/quote] Then make that case to your kids. But don't judge us about the decisions we make for ours.[/quote]
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