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Reply to "Advice re underfunded college savings & well funded retirement "
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[quote=Anonymous]Tell your kid they are getting $xxxx for college. It will pay 4 years instate, or 1 year at a private, and it's up to them to come up with the rest of the money--loans/scholarships/work/etc. OP, I was your kid. I got into tippy top schools, but the money my parents had saved diligently only covered 1/4 of what tuition would have been. I cried and mourned the lost dreams, but went to a state school and turned out just fine in the end. I graduated debt free and was able to buy a house in NoVA at 25 thanks to smart choices. Your child will be fine at a less than top 10 school.[/quote]
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