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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I find these "we failed" posts are often an excuse to be let off the hook.

You make a lot of money now. If you want to send your kid to a private school, take out the loans and pay over the next 10 years.

it's not like you *can't* do that. it's that you didn't save before (like many did, when saving on a lower salary was a sacrifice they felt) so you can't pay no. You can. And it wont' even be that hard. Cash flow 50k a year for next 4 years and finance the rest. You pay 25k a year won't be so hard. [/quote]

An excellent point [/quote]

+1 I've heard college payment framed as you pay 1/3 from savings, 1/3 from cash flow (including student jobs), 1/3 from loans. If you are low on savings but have a high income now and expect that to continue, paying more from cash flow/loans seems reasonable.  To the degree that it fits with other financial goals like retirement.

Personally, we felt we could stretch to a max $50k/year by adding cash flow and the basic student loans to what we'd saved. We were not willing to take on parent loans with DH planning to retire soon. Kids opted for lower cost schools to avoid any loans. [/quote]

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