Reply to When you can’t do it all, how to save for college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Save for retirement now, not college. You can't afford to pay for college at this point. [/quote]

They can comfortably afford to pay for college - they need to cut back expenses and save.[/quote]

"Comfortably afford" is one person's perspective.

They have a child still in day care. That child should be out by the time eldest goes to college. What they pay for day care will go part of the way in paying for an instate college.

Sensible answer is for the kids to go instate somewhere, whether in MD or VA. Parents will likely be able to lay at least 25k a year towards the cost of the college out of income and some savings, and kid funds the rest through working part time and loans. Or go to a community college for two years and transfer to a 4-year for junior/senior years. It's not exciting or the romance of going to a New England LAC, but it's a honest way of going to college. I'd try to avoid loans as much as possible but it's probably what's going to have to happen.

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If you choose to have 3 kids, you are comfortable.  If you choose not to save, then that's your choice.  They are overspending not to put $250 or more away for each child.  Their mortgage is way to high.  If they had a lower mortgage they could easily put $300 a month away for each child.  Its selfish to have three kids and refuse to pay for a state college.   There is no excuse on that income.[/quote]

Whoa. Judgmental, eh? I'm not going to scold people the way you do and start ranting how there is no excuse.

Everyone's circumstances are different. Even putting away 1k per month for the three kids only helps a bit, not pay, the total costs of college. OP and her husband will figure something out. Probably a combination of in state and some loans and paying out of income. It'll work. And it won't be the end of the world either. [/quote]

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