Reply to Is it messed up to not save for your kids college even if you can afford it?

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[quote=Anonymous]DH had to pay his way through college and he promised himself that he would not do the same to his kids. For various reasons we were not able to save nearly as much as we would have liked, but we did save enough to cover in-state tuition and room and board. They need to have their own spending money and purchase books to have “skin in the game”. We also let them knew we expect them to keep grades up.  Our kids are good students and education is important to us. We told our kids what we could afford and that if they chose private or OOS they would need good merit aid. They did get some very generous awards but the schools were still going to be 50k to 100k out of pocket after 4 years and that’s just not something we could afford for 3. We explained they could borrow but they were practical about what they’d gain in exchange for debt and chose UMD. I do feel badly their options were limited by our finances as in our community money does not seem to be a factor in selecting a college. Yet, I’m also grateful they will graduate debt free (as are they!). A lot do kids don’t have that option at all. [/quote]

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