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College and University Discussion
Reply to "Is college aid process biased against prudent savers?"
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[quote=Anonymous][quote=Anonymous]It is important to plan for what might happen down the road. DH and I max out our retirement (35,000) a year and save nothing, not a penny, nada, for college for our two young kids. We make 160,000 a year. If we put that money into college saving we would be locking in that money when they might not go to college, get into a service academy, or get some merit or financial aid. There is no chance of aid if we have 200,000 in a 529 while we might if we have a million in retirement savings.[/quote] Brilliant strategy. Let those kids figure out to pay off those non-dischargeable student loans, I mean, "aid."[/quote]
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