Reply to Question: those who send their kids to slac or oos schools..

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Save in 529, have cash, have kid do work study/get a job to help pay. [/quote]

And again the question. How do families save enough money to pay for their kids to go to OOS colleges? [/quote]

Maximize your earnings; Spend less than what you make;  Live on one spouse's salary;  Stay in the first house you buy; Own vehicles for at least 10 years, if not more;  Prioritize your kid's education over vacations, etc.  Luck plays a role obviously.. With getting the right job, spouse with the right mindset, kids that are smart enough to be able to get admissions to the right school and willing to take advice, etc.

Our first is applying for college now.  His ED will cost us 80K+ a year; His safety will be $0 - $15K/yr (Merit aid); Instate (UVA) will be about $35K.  Most likely will be around $50K/yr (OOS state flagship).  If he makes his ED, it will end up costing us $120K more.  We are OK with paying for [b]what we believe[/b] is the best possible education for him.  He has the stats for all these schools but has several structural factors working against him (race, competitive school, wrong sex for area of interest, etc.) so we hope for the best.  Will deal with Grad school expenses when we get to that stage.  Not going to Med school, so it won't be terrible.[/quote]

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