Reply to Is it messed up to not save for your kids college even if you can afford it?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As someone already said, a multitude of reasons but the only one you need is that you love your child, can afford this and want them to have opportunities you did not. 
Maybe your goal isn’t to fully fund, which is valid. But to save nothing for them when you have the means is a d&@k move.[/quote]

+1 especially because, as PP mentioned, your income will mean they are very limited in aid. The financial aid system assumes parents are contributing. Also, they can take out very little in loans on their own. You will need to co-sign.
[/quote]
+1

I went to a B (c?) rated state school back in the late 80s.  Today's tuition is scary AF compared to when I went to college.  I have no idea what tuition will look like in 10 yrs, but my kids are teens, and I am funding their 529 to at least $160K each.

This covers a good state school, but not out of state or private. So, they'd have to take out a loan if they want to go elsewhere, unless they get merit aid.  If they go to a top tier univ, I think the loan is worth it as they will most likely get a pretty good paying job  and will be able to pay back the loan within a few years.

Otherwise, if they choose a mediocre, high cost univ, then a loan is not worth it.

Sure, I did fine with a degree from a low rated degree (making six figures for the past 20 years), but  I think I'm an outlier.  Plus, who knows what the economy will look like in 10 years.

My niece, a super smart kid, got into a great, but expensive SLAC. My sibling thought that they'd get financial aid, but nope. They didn't qualify. HHI $160K. [/quote]

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