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College and University Discussion
Reply to "Newly donut-hole family"
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[quote=Anonymous][quote]I know how this post will come across to some people, but it seems to me like the expectation that we could have saved 70K for each year of school is based on the fact that we have made this for a significant amount of time, and I'm wondering if there is a way to counteract that. We are in our early 40s. [/quote] We made $250K for the first time last year and will have 2 in college next year. I can tell you that we did not save $560,000 for college for our kids and I didn't feel like that was the expectation. We also did not expect and did not get any financial aid, because why would we? When the first kid was born, DH was in grad school and our income was about $30K - it was a long time before we could save anything and we had a lot of debt from those lean years. I have also told my kids that it is unreasonable for them to think they can go to a college that costs $70K per year. We are paying around $33K for older DC (OOS public) and will pay $23K for younger DC (instate public that he chose over UMD with a sticker cost of $37K). [/quote]
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