Reply to Am I screwing us over for financial aid?

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[quote=Anonymous]OP: [b]Every single post thus far has neglected to address two major issues[/b]:

1) Is it likely that one or both of your children will attend [b]graduate school [/b]or a professional (law or medicine) graduate school ?

If yes, then you need to save over  $100,000 per year even when your young adults are in college.

2) Due to the current political climate and reality, there is a strong movement among colleges & universities toward [b]favoring full-pay students[/b] (think of the University of Chicago as an example). Even schools which are need-blind have ways to assess which applicants are most likely to be full-pay students.

I have no sympathy for one who complains about earning $325,000 per year. None. Zero. Nada. And I am not alone in this mindset.

If you cannot hack Biglaw, then get a position as a federal attorney. Most likely, you will start as a GS-14. You can negotiate steps within that level.

Also, it is quite difficult for recent college & law school graduates to be able to purchase a home. Sacrificing now--by working at a high paying job--should put you in a position to help each child have a substantial down payment ($250,000 or more in today's dollars) toward the purchase of a home.[/quote]

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