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Reply to "How much to save for college - child is in 10th grade"
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[quote=Anonymous][quote=Anonymous]“Well, there is the answer. It isn’t so much that colleges in the US are expensive, so much as they are carefully designed to extract the maximum possible wealth from American parents, playing on their fears of downward mobility.” True dat. And yet, my expensive private school education allowed me to understand that having family values for quality education does not make one a “financial idiot,” especially if the cost of tuition is a fraction of the family income. So maybe there is something to be said about, ya know, actually getting an education. As opposed to merely a college degree. [/quote] There is no exceptional ROI in an "expensive private school education" this is why my DTI is sitting at 8% for a SFH in NoVA and I haven't had debt in my life other than a mortgage.[/quote]
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