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College and University Discussion
Reply to "Jeff Selingo on people skipping "target schools""
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[quote=Anonymous]our net worth is about 5mm. we have 3 kids. I don't feel comfortable paying over a million on undergrad. if we had one kid, sure. maybe two kids. but we need money going into retirement - we worked hard to feel secure. I dont feel like drawing it down this much right now. I also know that getting this money when we die and they're 50 isn't when they need it. we went for the second tier schools that gave merit (the grinnells, Macs, overlies) and we earmarked 200k per kid to get in their 20s. I want our kids to be free enough to buy an apartment or go to grad school or start a business. I think there's still a lot of education out there, in a lot of different forms, after they're 21 years old. [/quote]
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