Reply to Father of 8 explains why he's not saving for college

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[quote=Anonymous]I did not read the whole article because it seems like 1 big infomercial for his book... but... did you know...

Only 33% of children go to college.
Only 1/2 of the 33% graduate in 6 years.

So 15% of our HS graduates are graduating in 6 years after HS.

I agree that most kids won't and don't need to go off to a private college and have their parents spend their whole lives saving $200K so their kids can go to a fancy college. It is the epitome of elitism.

I wish more people didn't just hand over $200K + to their children for a college education, because college is just a business, that does a very poor job doing what it is supposed to do ... educate people for the workforce.

Unfortunately it has just become a step between living with mom/dad and living on their own, because kids can't ... live on their own, cook/clean/pay bills/support themselves/get along with others.

I will encourage my kids to go to CC 2 years, then state college. I will only pay that much, they will pay the rest.

Of course, they live in this area, they will probably feel slighted... they will graduate with some student loans, depending if they make the mature decision to go to college the smart way instead of the European Vacation version of college  (the most expensive fun way) picking a college with all the bells and whistles.... great college town, best name on the sweatshirt, greek life (I will not pay for greek life).

I just can't even believe when a kid says they are going to Michigan or Delaware over Maryland, I just assume their parents have money to throw away.[/quote]

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