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[quote=Anonymous][quote=Anonymous]I think they: (1) don't, (2) get help from grandparents, or (3) do so at the expense of their own retirement.

We make $300K/year. We fund two 529s for our young children with the goal of paying for in-state tuition/room and board 100% for each child. When they are college age that is predicted to cost $200K each, so $400K total. It requires saving about $500 per month each from birth. That is all we are willing to do at this time.

We ask ourselves the following question: how much of our net worth at our age our children go to college should we pay for college? If at age 50 we are fortunate enough to have $3M saved for retirement, are we going to pay $500K each, $1M total, or a third of our net worth to send them to private colleges? No. I would want to have $5M net worth to pay that. So the answer is probably 10-15%, maybe 20% at most of our net worth spent on college. Depending on our own job and financial situation at the time, we will consider whether it makes sense for us to pay more, either through cash flow or other savings/investments.

We both went to expensive private colleges, major universities, including Ivy league, not liberal arts colleges. We also have advanced degrees in STEM. We value education highly. I think the cost of college, particularly private college, is becoming out of reach, or at least not sensible, for many upper middle class families.[/quote]

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