Reply to Middle class families - Are you willing to take on a ton of debt for a top college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm not middle class.  We make around 420-450k.  I won't be spending a lot on any education unless it's a top tier college.  I believe in public education and don't think for most people that spending hundreds of thousands of dollars on education is worthwhile. I've had many peers attend private schools and not amount to much.

Instead of sending our child to private school we are saving a good 25k a year in a brokerage account for him.   After doing this for 15 years (preK years through high school) he will have almost 400k, which should be a sizeable downpayment on a house.  I'd much prefer to give my child a downpayment than private school.

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It's true you are not middle class. You're the poors. FYI, its not a choice between pay for Private or put away $ in an ETF- it's both. And $2k a month is a meaningless amount of money in any event. I would never tell anyone that if I were you or I would add a zero on the end. But at least now the kid can buy a house Near you in Gainesville. [/quote]

You are crazy.  400-500k is a sizeable downpayment. [/quote]

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