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College and University Discussion
Reply to "Did you folks not do ANY saving?"
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[quote=Anonymous]No, we haven't saved enough. Five years ago, our HHI was $150,000. We lived in a 3 bedroom, 1 bath 1280 square foot house in Silver Spring for 10 years, which we bought in 2007 - right before the recession. We were underwater for much of that time. Both sets of parents died many years ago (before we were married) so we never had any help along the way. We've had both cars for more than 10 years, and take only one week vacation in Bethany each year. We are very lucky that our HHI has doubled in the past five years, but much of the extra money went to paying off loans and paying for repairs on the house. So no, we haven't had enough time with enough income to save enough money for college for our kids, who will overlap for three years. On paper, we look flush and will not qualify for financial aid. We can probably pay for one out of pocket but not two. [/quote]
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