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[quote=Anonymous][quote=Anonymous]To me, middle class means not needing to have you or your child take out any student loans for your kid to go attend a basic instate school like W&M or UMD + meal plans & living in adequate housing while there, not living with 5 roommates in a squalor apartment. In other words, parents are in a position to save up for DC to have a comfortable existence at college, immersed in academics, research, extracurriculars & socializing, not working at Wawa 25 hours/week. If attaining that means no flying vacations & having “vacation” be driving to OCMD once every two years, so be it.[/quote] Then problem with this is that if you are saving up as much as you are suggesting, then no matter where your child goes to school, the school will just take whatever you saved. Plus if college costs continue to escalate as they have, you might not even have enough to pay for what you are suggesting and still need financial aid, which might include loans. Plus you've also forgone even a couple memorable vacations with your kids to do this. No thank you. We will take a few vacations that cost 3-4k over the course of our kid's childhood instead. We're still saving for college, but the college cost situation is currently such that I think it is ridiculous to sacrifice happiness and new experiences in order to try and feed it as a middle class family. It really seems like you are just shooting yourself in the foot.[/quote]
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