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College and University Discussion
Reply to "Donut hole families who are stretching to pay college tuition … are you worried it will be a waste especially with AI "
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[quote=Anonymous][quote=Anonymous]How much do you have saved, what's your income, and what's your networth? It's all relative. I'm letting my kids go to a private college, but we have $350k per kid in their 529 plans (started early, and the market has been overall very good over the past 15 years). [/quote] As you should. As long as you also adequately saved for your own retirement, that is why you have college funds. Only reason not to let them attend an expensive school is if they would want graduate school/professional school. In that case, I would make sure they understand the costs of med school/law school and how it would be most beneficial to attend undergrad for a lower rate and have more to use for grad school, so they can minimize debt (because you don't have enough for $90K undergrad and grad school) but otherwise, that is why you created college funds for your kids. So they do have options. [/quote]
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