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College and University Discussion
Reply to "When the reality of college cost hits. Cannot do dream school."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not many people can finish undergrad and law school without owing anything. Your parents were loaded (or took on a lot of debt for you) and you greatly benefited from it. Not many people in that position. [/quote] Not loaded, but UMC. We didn't vacation in Europe or the Caribbean (in fact, our vacations were either staying with grandparents or camping), but we did get 100% of our education covered. [/quote] If your parents could fund 300-600k for one kid’s higher education expenses, they’re loaded. My parents never took us on fancy vacations either, it didn’t mean they weren’t wealthy. [/quote] How do you define UMC versus loaded? I think the line is around $5-10m in NW, and they were under it back when they were paying for our education. Loaded to me means you can afford to pay for your kids' education without making other major sacrifices. [/quote]
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