Reply to I’m really surprised how many people don’t save for college

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Ok, so I guess I’m ‘one of those people’. I’m a single parent that’s made 200+ since my kids were born. I save $1,500 per child per month and - guess what - that’s still not enough.

Why? Why, you ask? Why am I not saving more? Because I want to retire at 62. I want to live in a modest house and travel internationally. I want to support my kids in their (expensive) activities. I want them to live independently at an amazing camp in Maine 4 weeks every summer so they can meet people outside our suburban town. I want to enjoy dinners out with them, and theatre, and fun days at the spa.

So yes, op. My measly $1,500 will not be sufficient and we will not qualify for financial aid. But you know what? I was raised with a work ethic that allowed me to pay off 6 figure debt. This is not what I want my kids to face, but if they do, I’d like to think they have the work ethic and possibly my support to pay it off. [/quote]

Adding to PP's poignant description, I will add that it's a shitty country that makes people choose between enjoying their hard-earned income, and tightening their belts to send the next generation to earn their expensive degrees.

[b]Other wealthy nations subsidize universities and lower tuition costs. [/b]The USA should do the same.
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But it is not always rainbows and unicorns in other countries. The European model does allow for gov't subsidies for university but guess what? Not everyone gets to attend one. Students are tracked in high school (or younger) and those who score well attend and those who do not or are late bloomers, well, no university for them. The US system has plenty of flaws but only having a restricted number of seats is not one of them.[/quote]

THIS^^^ I do not want my kids "pigeon holed" at age 11/12 as to whether they get to attend university, whether they will follow STEM/Premed or humanities.  It really is NOT greener in those European countries with "free university".  I'd prefer to be taxed less, save on my own and let my kids blossom when they are ready, not having to push, push push them at age 5 so they will be on track for college.

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