Reply to How old are you and how much do you have saved in retirement?

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Reply to "How old are you and how much do you have saved in retirement?"

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[quote=Anonymous][quote=Anonymous][quote]Trust me, I've been through the ringer. They take away need-based financial aid if you have a college savings plan. [/quote]

This is one of the more ridiculous statements I've read here.  If you have a college savings plan, that decreases the need for financial aid.  How is that not obvious?  What the hell do you think need-based means?  If you have substantial income/savings, your need-based aid SHOULD decrease.  It sounds like you're disgruntled that schools are becoming more adept at discovering heretofore hidden assets that can be used to pay for school.  Which makes you one greedy individual.  [/quote]

I'm not the PP you quoted, but I think you're missing his/her point.

Just because you have a college savings plan, that doesn't automatically decrease the need for financial aid.  It's not that simple.

If you have a college savings plan for your DC, it just means that you put a priority on saving for DC's education.  Maybe you saved for college but didn't save for retirement.  [/quote]

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