Reply to So how does a two-Fed family that gets fired send a kid to college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]two fed families have had 18yesrs to save for college. This is what a 529 is for. I’m sorry for people who are well paid white collar workers too financially irresponsible to have planned for their kids education. [/quote]
And we are sorry that your kids are not high achievers. 
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well i have one at UVA and he was. National Merit Scolar. He’s such an under achiever🤣. Despite all we were adult enough to start putting whatever could into the 529 from the time i found out i was pregnant. [/quote]

I'm glad you're proud of your son - sounds like he's achieved a lot. I wonder if he's proud of you? Would he be proud of you spending your free time on a message board being cold and condescending to someone worried about losing their job? If so, then trust me when I say that something went wrong in parenting. [/quote]

DP:  once again, if you are a double fed, most likely making $300K+ for several years, [b]the fact you don't have $$$ saved for college is a bit ridiculous. [/b] So yes, I have empathy for people, but not for people who choose to not plan and live within a reasonable budget (which should include college savings, retirement savings, and building a 12 month+ emergency fund). [/quote]

Nowhere is it said that there is no money saved for college. That that’s your takeaway/assumption says a lot about your desire to be condescending.[/quote]

Well if you have a fully funded 529 for college for your kids, then you use it for college, that's the purpose, even if you "don't have your fed job anymore".  You fund college with the savings while you continue to search for a new job for yourself.  THat's the entire point of saving, so that if an "emergency happens" you still can make life happen
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Ah, okay, so people are only worthy if they have managed to save enough to fully fund college for all of their kids, including by having enough foresight to accurately predict the extent of real increases in tuition and fees over two decades. Any less and they are deserving of condescension. Got it, makes total sense.[/quote]

WTH is your problem?  What do you mean by "people are only worthy"?

For majority of the world, life happens, if you have planned you get to go ahead with what you want, if not, you adjust and that might mean CC and transfer, or live at home and attend a nearby university (thus saving R&B). 
It has not been difficult to accurately predict the real increases and tuition over the last 2 decades.   20+ years ago we sat down with our financial advisor (we could have also just googled and found this information), we estimated what instate would be, what mid level (we used UVA OOS for this, as we were in MD) and what T20/top privates would be.  Our estimates were within $5K for all of them.  College costs did not just randomly shoot up 25% one year---they have been routinely increasing.

And yes, this is why you plan in life.  You have an emergency fund, you save for college, so that if the unthinkable happens (someone is without a job for whatever reason), you can still manage.  And if you didn't plan, then you scramble and make the best of what you can do.  And that may be CC to a 4 year or picking an instate school that gives your kid good merit as well. 
[b]But if you were making $300-400K (which most dual feds would be who have college aged kids)[/b] yes, you should have been saving and not planning to "cash flow" college.  For precisely this reason---you never know what curveball life throws you.  So when you have it "good" it makes sense to save.  
And if you don't, then you get to live with your life's choices.  [/quote]

Where are you getting this?  Only 3.9% of all federal workers make $150,000 or more.
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