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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Thanks for the unhelpful post PP.

I estimated my salary because it changes every year. Merit aid is not offered at the private colleges I am familiar with (Harvard included). I said outside merit scholarships and it's true that they took away my need based award because I received outside scholarships. I also had college savings from my parents, but when your college bills topple 60K per year, there is no amount of savings to prevent the six-figure bill.

I never said I wouldn't save for college, I just am suspicious that a 529 is another way of deciding to take away financial aid. Thank you to the other posters re:Roth IRA. I'll go that route.

[/quote]

It was not meant to be helpful, it was meant to heap scorn and derision on you, especially your snobby disdain for state schools and your inability to grasp that if you get outside scholarships it impacts your "need" and your need-based aid decreases.

And here's one way to prevent the "six-figure bill" - attend a school with a lower price tag.  With the amount you had available from your parents' college savings, attending the pricy private school was a bad financial decision.  You chose to do it anyway (because "no one in your family" ever attends state schools, which is just an [u]outstanding[/u] reason) - it wasn't a [i]fiat accompli[/i].  Stop with the "there was just no avoiding it" whining - it's nonsense.  [/quote]

I completely agree with this.  My five siblings and I all went to name-brand private colleges, and I am grateful to my parents for pulling that off, but it is not a reason to denigrate the excellent education that state schools provide or to dismiss them as an option.

I will send my kids to the colleges/universities we can afford.  Full stop.  If that means that they cannot attend an expensive school like the one I did, that is not a tragedy.  The fact that college education with little or no debt is a given for them already puts them ahead of the game and for that they should be, and I am grateful.[/quote]

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