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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Planning is key if you are UMC. You may not be able to afford McLean or Bethesda and an expensive school. So many people stretch for expensive school areas and then complain cause they can’t afford private colleges. [/quote]

Meh.  There are worse "habits" than buying a not-so-expensive house in one of those areas - and attending PUBLIC schools; and worse "problems" then your kid getting into (only) private colleges. Some people don't have family to help out, so no matter how much they save, or how much they plan, it is not enough due to the quickly rising college prices, and the lack of financial aid that goes to middle class donut hole families.

Don't pretend to know other people's situations, and maybe be glad if you don't experience that issue. [/quote]

[b]If you bought in an expensive school area, don’t complain that you can’t afford college.[/b] [/quote]

Me: We saved $280,000 in the 529 in 14 years!
William and Mary: That'll be $340,000 for two undergrad business degrees.

Me: This duplex has rats.
Yale: You own a million-dollar home and your EFC is $106,000/year.
[/quote]

14 years? So what...you're sitting on $600,000 or so in equity? Better pony up. You don't need that school district anymore.  :lol: [/quote]

We have a 900 square foot house.  How do we downsize?   It’s already the size of some peoples sheds.   [/quote]

You can downgrade to a less expensive neighborhood or city/county. If you only have 900 sqft and its a $1 million house - you live in an extremely desirable area, most likely downtown.

You could get a house for $300,000 in a county 2 hours drive away and probably 3,000 sqft.

Downgrading community amenities and location, allows you to tap that equity.[/quote]

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