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[quote=Anonymous][quote=Anonymous]There is a group on the donut hole threads that always join in and shame people for not saving enough for their kids’ college. They “claim” that even if you have special needs kids and parents to support and other specific high expenses, you should still somehow have been able to sacrifice enough to fully fund college for multiple kids on $150k per year.

First, I question the math, second at $150k hhi they will get significant aid so their point is moot.

But the real point missing is opportunity cost.  What alot iof us are trying to say is just what are you sacrificing to get to that savings??  For us, it would be trips to see their grandparents far away. It would also be funding our retirement adequately.  And what are the other financial tradeoffs you are making by “investing” an extra $50 to $60k per year in a private school vs a starter home or roth for your kid?

It makes more sense to save enough for an instate price and then by some miracle if we have extra, it be invested for their future. No way a private vs public degree earning premium  will outpace the stock market or real estate.
[/quote]

Obviously it makes more sense to save for retirement and travel to see grandparents a few times per year and only save for in-state.  There are plenty of options in-state and with private schools that offer excellent merit to bring price down to $25-30K/year.  That is what majority of people do---they save for what they can afford.  I agree, it makes more sense to not save for $90K+ schools.  But then you don't get to complain that your kid cannot attend.  It's all about choices.  Majority of people don't even consider the costlier schools, they find a great school they can actually afford, just like they do with everything else in life (ie find something they can afford)

So it's not "shaming". It is just pointing out that life is all about choices.  Make the ones that make the most financial sense for your family.  And yes, for majority of people, 90K+ universities at full pay are not a part of the smart equation.  [/quote]

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