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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If my income was $300k I would have zero problems being able to pay for my kid to go to an expensive, private college. You need a dose of reality[/quote]

No necessarily true! 300k sounds a lot. But  after tax, medical and retirement deduction, it is lucky if could take home half of it. With other kids to support, who can afford to use 50% of take home money paying for one kid’s college expenses?[/quote]

We are paying for two college tuitions right now, at OOS schools with merit aid.  There is NO WAY we could pay for an expensive, private college without feeling the effects of it.  We don’t take lavish vacations nor live beyond our means — a good chunk of our money goes into retirement accounts and ensuring we have ample savings in the event of a shutdown.[/quote]

PPs premise assumes they've saved nothing. That is the issue here.  At 300K, and saving over 10+ years, you should be able to afford it. No one is expecting cashflow to cover.[/quote]

And they were probably making $175-250 for a long time.[/quote]

I’m the PP who posted about how our income increased at a high rate over 7 years before kids and how we banked the vast majority of it. Kids increase expenditures but saving for the future can precede their arrival. That cushion allowed us to help out one of our families, etc. and not necessarily imperil saving for college. [/quote]

You make PLENTY of money to pay for college.[/quote]

Right. I wasn't saying that we didn't. Only that we spent ~7 years, including before we were married, hewing to our original HHI, not the one that grew over time. We already had a fair amount in the bank by the time we had kids seven years into our relationship/three years into marriage, one set of parents experiencing financial difficulties. We also have had one year out of the work force of the primary earner.

But if our income had stalled in the 180K range, we still would have banked a fair amount over those seven years - ~400K - as our expenses/lifestyle remained ~110-120K. [/quote]

And, many of us do it on one income, health issues, special needs kids, family issues and much more.. we've had it all thrown at us and yet, we still made saving for college a priority on much less than you.  [/quote]

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