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[quote=Anonymous][quote=Anonymous]The odds are that your child will not get into any of the Ivy+ schools. So it's not really a problem for 99%.

If your child is  on track to go to an elite school and you're earning $250k+, its not that hard. [b]Most folks earning UMC incomes have had a pretty good idea that their children would go to college since before they were born and have steadily put away some money over the past 18 years in preparation.[/b]  Of all the financial hurdles you face in life, college is probably the most predictable.

At UMC income levels, the choice is yours, just like most financial decisions. How big a house? How nice a car? Not, can I afford a house or a car.  Would you rather wait until you die to give your children money or would you rather see them reap the benefits while you're around?  Is giving a down payment on your child's first house closer to your values than the best education you can afford? 
[/quote]

This is true, but most people earning that HHI have not been earning it for 18 years.  When our DC was born in 1997, our combined HHI was under $100K, and like most people, were looking at handling many years of childcare costs prior to our two kids starting college.

Other variables include age of parents; specific family circumstances wrt healthcare and other costs; children's special needs.  The list goes on.  Our current HHI of $220K has not been a constant for two decades, nor have our personal circumstances.  We have saved what we have been able to save, full stop.

Like most families in our circumstances, we cannot pay full freight for two kids for two very expensive universities.  We can, however, put them through colleges we are able to afford, debt-free.  That fact alone makes them more fortunate than 90-plus % of high school students out there.

An Ivy League education may or may not be the "best education you can afford."  That is your opinion - it is not a fact.[/quote]

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