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[quote=Anonymous][quote=Anonymous]Wondering how much you were planning on contributing towards your children's college education.  We make about $275K per year and have $3M in retirement assets so I'm assuming we won't get a dime of aid.  We currently have saved $220K which I thought would be enough..but now DD is contemplating medical school.  DD is a HS junior and if we want to pay for medical school, we need to start savings NOW.  We also have child #2 that's 4 years younger who also has $220K in college fund.  Hopefully, he doesn't want to go to grad school :/.[/quote]

Similar situation here, only we make ~$300K/year and have $2.5M in retirement assets (small business owners).  DH and I, both in our fifties, have raised four children.

We paid for all 4 years of undergrad for all 4 kids, no grad school.  We managed this 50% through savings and 50% through out-of-pocket income, plus we were lucky enough to have 10 years between our oldest child and our youngest child.  Also, we benefited from substantial merit aid for one academic superstar (which, to be fair, we ended up spending on another child with academic difficulties).

Our oldest is considering grad school, as is our youngest.  They’ve been looking at assistance from their employers & also taking out loans.  DH and I don’t feel we have any obligation or interest in bankrolling grad school, and FWIW, our kids are appreciative of what we’ve done thus far and aren’t upset about the situation.[/quote]

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