Reply to WWYD: Weird Paying for College Situation

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[quote=Anonymous]Thanks for the additional information, OP. I was the poster who asked if you didn't save for college and moved your retirement up. With the situation as it stands, I think he should have some requirement to spend on his education. For my DD, she chose a expensive private college over a fine state school (Swat over W&M) just because she thought it was more prestigious. I told her we can afford it, but that means we probably cannot help as much with grad school. She has been very happy there and landed a paid internship after her second year due to a connection her college had. She has sometimes wished her college was a little larger, but overall is satisfied. My point is that your son needs to decide  how important it is for him. I think there is no reason to die with piles of money and money should be spent on things we want to do and experience. I like the idea of going 50/50 if he chooses the more expensive option. If he isn't willing to part with any of his money (knowing the $50k a year for 40 years is worth $10M if invested each year) then he doesn't really want to go to the more expensive school.[/quote]

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