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[quote=Anonymous][quote=Anonymous]Especially those who make just barely above the amount to qualify for any aid.  Most private schools cost $50,000 a year just for tuition.  It's completely unrealistic to think that the average family will have saved that kind of money beforehand.  Are parents just going into debt for years and years to afford this? I have a friend who's daughter got into a top ivy, but will be going to UVA because they can't afford the tuition.  This seems completely reasonable to me, but I can't help but wonder who all these families are that are paying over $50,000 for college (and not even "top" schools, just private colleges) [/quote]

Our HHI has been $150k-$220k for the past ten years or so.  It fluctuates based on bonuses.  I don't consider us to be middle class.  We are currently paying around $40k a year for our older son and will be paying around $45k a year for our younger son starting this fall.  Two years of over lap.  We are funding through 529 savings and extra savings we made outside of 529 and about $20k from current cash flow so we don't dip into savings too much.  Basically, we saved enough to fully pay for in state college in the 529s and saved in other vehicles (eg ROTH IRA - this past year was the first year we did not qualify for ROTH and other savings) to cover other options.  Our first is going to an out of state school and it look like our second will go to smaller private school and with a $25k per year scholarship- which puts the cost to us at around $45k.

Friends whose income in the $100k-$200k are going the in state college route unless their child can find scholarships to make it the same cost (eg University of South Carolina or Miami of Ohio). [/quote]

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