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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Many here are saving for the sticker price of a private college when in reality almost nobody pays that. In fact there are some college where actually no students pay the full price.

You should save what you can but nobody should stress about saving for the full list price. Especially if you are making 150k, there will be plenty of discounts at that income.[/quote]

+1 You’re better off making a low income and saving nothing because you’ll get lots of fun aid and scholarships that way[/quote]

Well, but then you're low income and have no savings. Which isn't fun for other reasons.

I agree that there are many schools where almost no one pays the "sticker" price.  My DC is going to one of them with substantial merit aid.  However, even with substantial merit aid, we'll still owe @ $50k a year, all in. And this assumes that your kid has the grades and test scores to attract merit aid.

The people who really get stuck are those who didn't make a lot of money early on (or had medical bills, whatever), so didn't save, and then have a salary increase right as the kid goes to college.  It doesn't take a lot -- anything over $200k will disqualify you from financial aid at most colleges.  Then DC gets admitted to a very elite college that doesn't give merit aid.  This isn't a very large group of people, but they're very noisy, because it's not fun to tell your kid that you can't afford Harvard/Yale/Stanford after they have an offer of admission in hand. [/quote]

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