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College and University Discussion
Reply to "FAFSA - is middle-class waste time applying?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If my income was $300k I would have zero problems being able to pay for my kid to go to an expensive, private college. You need a dose of reality[/quote] No necessarily true! 300k sounds a lot. But after tax, medical and retirement deduction, it is lucky if could take home half of it. With other kids to support, who can afford to use 50% of take home money paying for one kid’s college expenses?[/quote] Not to pay cash, but if you made that much for more than 1-2 years, you should have easily been able to save $10-15K/year towards college. At that income, we would certainly have enough saved for $40-50K/year schools and possibly more (or ability to pay that $15K in addition to what's in the 529) [/quote]
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