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College and University Discussion
Reply to "How does most of America pay for these elite schools?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As soon as our first son was born we started saving for college A small smoothly amount at first and increased when daycare was no longer needed. We do have 80k a year saved for him and his brothers. We do fine but have 10 year old cars. No fancy handbags, clothes, etc. Now if we had 6 kids no way could we afford college for all six. [/quote] This is our situation. I opened 529s the week of birth. We saved. Grandparents helped. We drive old cars. Live in old house. We still do not have 80k/year saved. [/quote] Same here. Have been saving diligently but life happens. Divorce (which meant additional expenses so couldn't increase the monthly savings amount). Also, our salaries were not very high for many years but are now high enough to put us in that gray area where it is too high for financial aid at some schools but not high enough for us to actually be able to pay the full cost.[/quote]
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