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[quote=Anonymous][quote=Anonymous]Anyone else think its sad that people are sacrificing vacations altogether or enjoying their money for 18 years to afford college? That says the price of tuition is unrealistic and too high. If we were discussing mortgages, we'd call this being "house poor" or buying more than you can afford.

I contribute $1K a year currently, and will increase to $4K next year. 50K a year is absurd for tuition and fees. I remember being so happy when I got accepted into my dream school. That is, until I saw that I was $18K out of pocket per year. I opted instead to go in-state public and today, in my late 20s, I'm SO glad I did. And still ended up with a great job that my peers envy.

Are you ok with shelling out 200K for college for a child who ends up being a teacher making 50K with a masters? Or how about a daughter who works for 5 years and then becomes a SAHM? Wouldnt the local college have done the same? Does saving for college come with strings attached?[/quote]

There are outstanding public universities in this country - and around the DC area, paricularly in VA - and we are going to do our best to pay for DD to attend one of those.  If she wants to go to private university, good for her.  But we will make it very clear she'll have to make up the difference between our college savings and the tuition with scholarships, loans, and jobs.  I hope she opts for the former.

And yes, I'm with PP.  I went to a fantastic public university for undergraduate and an excellent pubic for grad school too.  No loans to speak of and was able to land a job where many of my colleagues are still paying off their college loans and will for some time (I'm in my late 30s).  Private tuition is for the rich and it's a mystery to me how it continues to rise with no discernable increase in the quality of education.  [/quote]

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