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College and University Discussion
Reply to "I’m really surprised how many people don’t save for college"
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[quote=Anonymous][quote=Anonymous]This is us! We didn't save and pay out of our income and live in DC and have 4 kids. We really didn't make Mo ey to save beyond retirement until a few years ago. We make more now and can cover OOS tuition for 2 currently. We will have 3 in college next year so will stretch to make it happen. That will be our only year with 3 in college at the same time. We are good though. You don't have to worry about us. Good news is that our retirement is ridiculously funded. So by the time I am 53 and my DH is 54 we will be fully retired and have one kid with one more year of college. He can get a loan for that since we will be doing nothing all day every day. [/quote] Same here. We didn’t earn enough to save for college (although we did max out our retirement) until only recently. We now have one in college and two close behind, so we are paying out of pocket. Our financial advisor actually suggested the kids pay their own way, but we don’t want them to come out of college with much debt.[/quote]
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