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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI just over 550k.

We have 2 kids 12&9. Both have Virginia prepaid tuition. We also have approx 100k sitting in invest that will presumably grow. We now only contribute a very minimal $250/mo in the invest. We consider college a done deal. Any extra will be paid out of pocket. I also hope I have raised bright children that take advantage of the VA public schools. I will consider myself a failure if they dont. Only a moron who hasn't been taught basic personal finance wouldn't go the free option. George Mason and UVA did both DH and I very well. Zero debt, great jobs, excellent local network.[/quote]

On that income you can afford to pay for where ever they want to go plus graduate school.  I don't get why you have so little saved.  Yes, you can do very well at a state school, but different kids thrive at different schools.

We have the prepaid and about $80K, maybe more for our 9 year old.  We have about $180K in income.  I'm tryin for about $10K a year, usually more.  We want to pay for college and graduate school. If child wants private and we can afford it we will do that.  My goal is debt free.[/quote]

Just because we make good money doesn't mean we make stupid choices with that money, nor does that mean we teach our kids financial illiteracy.. I don't consider a full state ride "so little".

Dh and I didnt "thrive" at GMU or UVA.  We went to school, got a degree, and used our network to get good jobs. College is a means to an end. Not a social experiment, nor a place for my adult children to find themselves in the most optimum environment.
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Do you think a stiudenr who passes up prepaid tuition at UVA or GM for Harvard, Yale, Princeton or Stanford is a moron?[/quote]

NP.  Only a teeny tiny percentage of kids go to these schools.  And yes, I think it makes smart financial sense to go to an ivy or MIT or similar school because it will pay off financially in the long run.  Plus if a child is that intelligent, I would make the sacrifice.  But for the vast majority of kids going to all the average/good schools in this country why would you go to average/good school A that puts you in major debt vs. average/good school B that you can graduate debt-free from??????[/quote]

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