Reply to Did your parents (step or otherwise) pay for your college? Will you pay for your kids?

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[quote=Anonymous][quote=Anonymous]My parents paid for about 2/3 of my expensive private school. I paid the rest with small merit scholarships, work, and students loans. I graduated with the equivalent of about $15K in loans in today's dollars. Not a huge amount, but it did affect my choices. I'd like my DS to avoid loans if he possibly can, but I'm not sure I'll be able to cover 4 years at my alma mater, which is $60K/year now. I plan to have 4 years of in-state tuition in his 529 and a frank discussion about what his options are if he decides to go a different route.[/quote]
We are in the same situation.  we hope to have the $80K needed for in-state tuition at UMD saved up.  We earn too much for need-based financial aid but living in an expensive area makes saving for college difficult.  $80K seems like a lot to me but it is just 1/3 of what we would need to send him to the kind of colleges we both attended thanks to our parents (but at much lower expense even accounting for inflation).  I do not want my child to graduate with a ton of debt which he will not be in a position to deal with until after grad school[/quote]

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