Reply to Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

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Reply to "Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Funny you should ask this OP.

When I hit “submit payment” and a link to deduct $42,650 from our bank account last Tuesday- for ONE SEMESTER- I had the same thought. Who in their right mind really does this?[/quote]

1) those with over $20MM in the bank, 2) those with paying grandpas[/quote]

Nope.  HHI $230, have been saving since the children were little (started with $210/month for maxium tax benefit, as our income went up we did a little but more, plus bonus money, etc).  DC 1 got merit aid, so very inexpensive, will have funds leftover for grad school.  DC 2, attending am over $80k per year private, will be a stretch for us, between 529 and cash flow - there will be nothing left for grad school, they will need to pay on their own.

And, we don't go abroad for vacation, drive 10+ year old cars until they die, etc).  [b]We've made education a priority[/b]  [/quote]

So that your kids can take budget vacations and drive beater cars while making education a priority for their kids too? [/quote]

I don't think this will be possibly in 25 years unless the entire college system falls apart and is put back together.  People here are just barely able to afford doing what this person describes .. saving and scrimping for 18 years to pay for private school. But tuition is outpacing earnings by a lot.  UMC won't have a chance.

So what if they do? DP here. They are not trying to keep up with the likes of you, and that is what is important. [/quote][/quote]

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