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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you make $350K a year then even a $60K COA is like making $290K and not having a kid in college. Ain't gonna starve on that salary.[/quote]
Do you work? Do you even understand the concept of expenses, saving for retirement, and maybe having more than one kid?

I don't think OP thinks they will starve, but paying $60k for two kids over like 6 years will hurt.  Many of us with college aged kids are also trying to help out aging parents and save for our own retirement.

IMO, saving for retirement is more important than saving for college. You can get loans for college. No one will give you a loan so you can retire.

And honestly, a $60k/yr college degree doesn't make any sense for most majors.[/quote]

+1000 Ugh!  I am a financial planner and we always recommend funding retirement over your kids' college and you can't just wait until the end because you need the years of compounding growth to accumulate.  But other comments on this thread say OP is a bad financial planner! This is so frustrating for those in my profession!  I would say anyone funding college before retirement is a bad financial planner. Funding your kids expensive college with the hope that one day they will support you is not a wise investment. It is speculation at best.[/quote]

But I make half of what OP makes and saved for both.

I did it by living in a condo and driving a Honda .

Why are you pretending that is unachievable? It all depends on what (who ) you prioritize. [/quote]

Because you do not know the OP circumstances.  We don't know if they wasted money, or if their $350K is relatively new--maybe they were making $125K 10 years ago.

Yes, if I were making $350K since my kid was born, I would have chosen to save for college in full.  But there is nothing wrong with the parents saying, we will save for $40K/instate costs and that is it.  [/quote]

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