Reply to 44, I don’t own a house but kids are in private and college is paid for…

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not OP or PP, but it seems entitled to complain that your parents don't help with a down payment when you acknowledge you have good salaries and your parents help with college for your kids.  You realize that most people have to save for a down payment and college, right?[/quote]

I'm not complaining. I'm noting.

And, I know very few people who did not receive some form of assistance from their parents. Hell, my parents got $5k from my grandparents in 1971 for their downpayment. My parents have been extremely generous, but there was never a discussion about in what way--I can't complain (and haven't) that they've already financed by kid's college education in advance, but I think that if 12 years ago, they had given me 1/3 of what they have put into our kid's college accounts, I would own a nice house and would be pretty heftily be paying into a 529. But they didn't.

I'm just commenting on the weirdness of it. When talking to my peers, a lot of them are really stressed about how to pay for college and are unhappy they can't send their kids to private school... but they own homes I can't imagine ever owning. I wonder who, in the end, is better off. I think, financially speaking, they are... but I don't regret prioritizing my kid's education.[/quote]

I don’t know anyone at the private schools who is a renter who is not on significant FA…like nearly 100%.

On the other hand, I do know homeowners with decent two fed incomes that receive like 60% FA.

OP…you could have had the best of both worlds as I am pretty sure the privates don’t look at home equity for FA.[/quote]

Well, my next thread for another rainy day would be that all of the people whining about how they cant' afford to send their kids to private should really just apply and see what happens and not assume. At least at the schools where our kids go, it's a formula and what you get is based on who else is applying and while (we think) we could afford full freight, we actually get some financial aid. As long as there are richer people, you might wind up getting something. But that's a separate convo.[/quote]

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