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Reply to "How do most middle to UMC families pay for college?"
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[quote=Anonymous][quote=Anonymous]I for the life of me do not understand how this country let college cost be determined by parent income. Middle class and UMC are in no more financial position to pay for college than those making 50-60k a year, unless those MC and UMC forewent houses, cars, etc. - which would undermine a large portion of the economy. The fact that the equity in my home is considered accessible to pay for college is ludicrous. The whole system is broken, very broken.[/quote] Agree, but UMC can afford to save for in state tuition. We did for 2 kids, and our HHI never went above $350K. And we have a house, and two cars albeit not pricey cars. We also saved a good amount for retirement. No, private schools. I guess we lived below our means to achieve all of this.[/quote]
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