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[quote=Anonymous][quote=Anonymous]The need to start saving early is real and essential, but can still fall short. We started saving early in elementary school and its still not enough. I think school counselors ought to begin these conversations in middle school and earlier about school costs.  It's a disservice to push kids to take full rigor and encouraging families of attending highly competitive colleges when affordability should be considered equally. We make far below the income threshold for the ivy that accepted our kid, and received no offer of aid. Zero. I didn't think we'd get a lot but expected some aid. The glossy brochures saying households earning less than 150/200k go for free are slick marketing brochures. Although the fine print says assuming reasonable assets, the definition is vague and hurts families living in high cost of living areas where they may have home equity/modest savings and rewards people who dont save. I have a friend who rents and has little to no savings and her kid got full financial aid at northwestern (not merit). She travels and spends far more than we do. She jokes that being poor is great since she gets so many benefits. The system is broken. [/quote]

System is broken, agreed. Need to start saving at birth and do not do target date funds. If you do, you will not be aggressive enough. I am first Gen and my husband from an immigrant family that came over with no money, but we both have graduate degrees and went to T20 schools. Education of our kids we knew was a top priority and started saving when they were babies and now we have $1.5.mil plus and have too much is 529 saved. One wants med school and we have the money. I can't imagine telling them no to a T10 (one attending) but it makes me a bit ill that we made dual income.work while many families had a SAHM. How do those SAHM justify this today if their spouse doesn't make $2mil? Then complain? Sorry to you all but I dont get it. [/quote]

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