Reply to As schools near $100K/year when will that affect the pool of students?

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Reply to "As schools near $100K/year when will that affect the pool of students?"

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[quote=Anonymous][quote=Anonymous]I really don’t know how most middle to lower upper middle class people can afford colleges these days.  Do most people take out loans these days? [b]I saved about 100k in our 529 plan. That will not last for more than two years [/b]if DC#1 goes to a private. [/quote]

That will last all four years if your kid goes to an instate school that, assuming you live in the DMV, isn’t W&M or UVA; goes to an OOS school outside of the northeast region that gives significant merit aid to OOS students or goes to a private outside the top 40ish that gives merit aid.

Lastly, you seem to view it as your child being entitled to you paying for their food, board, tuition & all incidentals all four years of college without your kid having to contribute anything. Your kid can take out the $27k (total not per year) in federal student loans. They can commute to a local university while living at home. They can go CC -> 4 year or join the military. They can work all four years of college.

Most kids who aren’t from extremely well-off families, including kids from low-income families, aren’t attending expensive elite private institutions. That’s the way it is. [/quote]

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