Reply to I genuinely don't get saving for college for kids

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it is ironic, that the people on this forum who are most able to save for college in a 529 (this is what DCUM means by "saving for college") could likely afford to cashflow college if they needed to, so probably don't need to amass a small fortune in 529 accounts. 529 accounts are tax friendly and people make so much money, so why not.[/quote]

This might be the only take on this thread dumber that OP's.

You think the ability to save, over 18+ years, with all the help of compounding, for a six figure tuition bill means that you have the means to cash-flow that same tuition bill?

So if someone can afford to save $925 per month, they also are absolutely able to pay for $50k for each of four consecutive years?

[headdesk]  [/quote]

+100. I two kids who will be going trough college at roughly the same time, but will not totally overlap. We have a 250k HHI, and there is no way we could afford to cash flow 100k+ a year while they overlap. We can afford to save and hopefully have enough so that we don't have to.  [/quote]

There is no excuse on that income to at least save for a state college and pay in full.  We make $150K max and in 10 years saved $10K.  You need to change your lifestyle if you cannot afford college on that income. [/quote]

I think you need to reread.  [/quote]

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