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Reply to "We can’t afford it but she wants it. What do I say?"
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[quote=Anonymous]OP, I am coming into this conversation late, but I urge you and your wife to sit down and look at college costs now and project into the future. I think your wife may have an unrealistic idea of how much you guys will be expected to pay for college education for your kids. Does she anticipate sending your children to a private residential college? See how much it would cost right now and how likely financial or merit would be if you were sending them to college now. Yes, there is often a discount but still it can be $50,000/year+ at many colleges. Does she think you will pay that? If so where will that money come from if you cut back on college savings now to pay for private school? [/quote]
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