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College and University Discussion
Reply to "I genuinely don't get saving for college for kids"
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[quote=Anonymous]OP, you do you. We have bought MD prepaid tuition for 5 years for each kid, and saved money for them to go to any college. And we have saved for them to go to graduate/law/medical/business school too. Which means that we have lived WAY below our means all our lives and we don't really mind it. Now, the kids have to just work bloody hard in HS and in college so that they earn some merit scholarship too. The best case scenario would be if they got the merit scholarships and the money that we have saved for their education can then go towards buying them a new car and downpayment of their first house. I think that will give them a huge advantage in life. Hopefully, they will then start saving for their own kids and by the power of compounding they will come out ahead. More than that...the sense of accomplishment to work hard and achieve will forever fuel them to succeed. What more can you ask if the child is self-motivated? [/quote]
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