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College and University Discussion
Reply to "Did you folks not do ANY saving?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We had to choose between funding retirement or putting money away for college. We don't earn enough to do both after we pay our mortgage. We continue to only put money away for retirement. Our kids will have to get merit aid or go to a state school. I don't understand how people can do both earning under 150k in a high cost of living area if they bought a house without help from their families and had to pay for daycare.[/quote] You only pay day care for a few years. You buy the cheapest house you can find. We don't get any help, have that kind of income and are fine. And, we save for college. You sound selfish. You bought too much of a house.[/quote] So you really think people should buy the cheapest house they can find and not pay attention to what school the house is zoned for even though their kids will spend 13 years in public school there? Just to sacrifice so their kids can go to a private college? So we are selfish for stretching to buy a house in a great school district? We are also selfish for making sure we can support ourselves in our old age so our kids don't have to help us? It used to be that you could work in the summers and pay tuition at a state school. My husband went to UC Berkeley and was able to earn tuition/fees and some living expenses working 16 hours a day, 7 days a week in a salmon cannery in Alaska for two months in the summer. [/quote] Most of the publics in our area are fine. Reality is, it depends on the teacher you get that year vs. the actual school ratings. So, yes, it is selfish to at a minimum not have enough saved for a public university depending on your income. You can still work summers. It may not cover a lot but its a good life experience and good to learn about different jobs. Your husband was lucky he could do that. Mine did military. We want better for our kids (fine for them to join as officers with a degree but we don't want them enlisted in less its what they want).[/quote]
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