Reply to Experienced Parents: What was DCUM right/wrong about?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not saving enough with the justification of being in a good school district and relying on merit or financial aid and being disappointed when its not what you deem enough.[/quote]

Realism is sometimes hard to come by on this board. College and college prices have changed so much over the last 30 years that some are totally disoriented when they understand the current landscape. For some, that updated understanding occurs only as their kids are applying for college. That’s where state schools can be helpful, but some people don’t want to be bound by those options. [/quote]

It is so irresponsible. This is nothing someone should be surprised by when your kid is a senior. Our financial advisor told us[b] 20 years ago[/b] to save roughly $350k-$400k for each of our kids for private colleges and $200k for public college. [/quote]

Legitimate question: Should we all be fully bankrolling college (and even grad school)? Note that many loan options are primarily student loans (rather than parent plus).
Do some of you still expect your kids to contribute? We can afford it but are still planning on a contribution based on actual earnings or volunteer time (not requiring actual external student loans). 
[/quote]  DP. Parents bankroll undergrad with the possible exception of taking the federal loans in the student's name.[/quote]

We are paying all of undergrad.  My kids fully understand this is a gift.  One is doing STEM grad school and will not have to pay.  The other wants to go to law school.  It’s a ways off (she is a HS senior now) so we will decide when we get there.[/quote]

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