Reply to Perennial Is Private Better?

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[quote=Anonymous]I would just stay the course where you are. Agreed with PPs that you can't really pick and choose how to spend grandparent's money. She may think private high school is where she wants to contribute. If/when you're facing decisions about college, you can figure out which things you're willing to give up if it comes to that. FWIW, colleges do not expect you to raid your retirement funds to pay for school, and they do take into consideration debts for real estate, etc. But honestly a good first step would just be to sit down with a financial planner and get a handle on your finances in the short term--even if you don't end up needing that money for college, there may be a lot of ways you can rein in your spending and better use or invest your money. It's a high cost area, yes, but $300K is still a very high HHI to have little left at the end if you're not paying for school, so I'd take a good look at that first, and focus on redirecting some of that to college savings.[/quote]

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