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Reply to "Reducing retirement to help pay for college"
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[quote=Anonymous][quote=Anonymous]How much is the shortfall? Basically, how much have you saved and how much will you need annually for this first child? I took advantage of the payment plan at my child's college (I think it was 8 equal installments). Then, get serious about your monthly spending. No more eating out and vacations. You will be surprised at how much $$ you will have to direct to college tuition. I would urge your kids to a state school too.[/quote] Not urge, require. I don't recommend applying for a private school and hoping for enough aid to make it the price of state school. It rarely happens, kids fall in love and then parents don't have the discipline to say no. [/quote]
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