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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I get that most people on DCUM have $80k saved per year of college and much of America (HHI under $125k) gets aid but do these two realities really cover these gigantic pools of applicants to all the top 50 schools?  has the rest of America also saved $80k/year/kid?  am I missing something? thinking about this tonight as friends of ours just had their daughter (one of 6 kids, first in college) commit to Carnegie Mellon. I know for a fact that they make more than $150k but I had no idea that $&0k/year was in their budget. [/quote]

[b]Responsible parents save for their kids' education.[/b]  [/quote]

I’m a responsible parent but I don’t make enough to save much. I’m a single parent and a teacher. I have about $5K saved with two years left before college. I make around $70K. Plenty of parents don’t make enough to save for retirement and college. I took out loans and paid them back and so will my kid. That doesn’t make me an irresponsible parent. [/quote]

+1. I hate the attitude on this board that one can just "plan and save!1!!" and all will be well. Most of us don't make enough to salt away multiple thousands per year.[/quote]

People who could bankroll 80k a year anyway patting themselves on the back for SAVING is hilarious/sad. Listen, good for you. But that's not everyone. Are you faulting PP for being a teacher? You want your kids to have a great education but no one there to provide it. OK. Or is marrying rich your super power? Congrats.

I make a modest income but have enough saved for college due to a psycho FIRE-level of personal saving. The outfit I am wearing right now is jacked, for example, and I just save instead of getting things that I arguably need, like new clothes. So spare me responsible saving. I get it. But not everyone can do that, and some people also value a decent quality of life and want (and NEED) to provide other things for themselves and their kids. Good for them.[/quote]

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