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Reply to "S/O What is our obligation as parents regarding college $$$?"
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[quote=Anonymous]OP, this is a valid post. I think many PPs misunderstood your question. We're at roughly the same income bracket with 3 kids. I plan to pay for 4 years undergrad for each at public schools only. We will not pay private unless they get some sort of miraculous scholarship. If there is savings left over from 529s, it will go towards grad school. That said, I paid for my own grad school so I'm not opposed to telling my kids to do the same. It was an education in budgeting and debt. Ideally, I'd like them to have min to no loans but if we cannot swing it out of savings, we'll not pay out of pocket. Private school tuition is overly priced IMO and not worth the price tag. I can give my kids so much more (e.g, year abroad, more spending, $ for grad school or earlyin careers) if they stay in public university. Don't overspend on college. Elder care is expensive and you'll need that one day. [/quote]
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