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]Why on earth is everyone assuming dual feds make $300-400k? I know tons who are not lawyers or financial regulators who make half that, and certainly don't live in million dollar houses. We still save for college, but we can't pay for it ALL from savings, and made plans based on the assumption that we'd be working and paying as much as we can from cash flow.

I am lucky enough not to have a kid starting college this fall, so if I lose my job I'll have time to look for another, but somebody in this situation is actually in a bad spot. It's completely absurd to say that people all make enough money that if they don't save enough to fully fund college WHILE UNEMPLOYED, they've been irresponsible. Listen to yourselves. [/quote]

So if you have been only making $200K as a family, are you actually considering $90K+ universities for each of your kids?  Serious question.

Because I cannot imagine doing that unless I had it already saved.  Is that fair?  No, but much of life isn't "fair".  Nobody is saying the kids cannot attend college, just that they will have to attend one the family can afford.  just like most responsible people do.

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I could imagine some family making $200K and have lived under their means, saving up maybe $250K in a 529 for their kid. They had saved for COA up to $65K/yr in the 529 and was planning to cash flow another $20K/yr for $90K college.  [/quote]

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