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Schools and Education General Discussion
Reply to "Are you planning to pay for your kids' college fully?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Please, please tell how to ensure acceptance at W&M and UVa! I'd really like to know. [b]We currently have about 300k in savings for DS[/b]. He is 14. We will continue to add to that as he progresses through private high school. DH and I both came from modest income families. We had lots of loans for undergrad and grad school and law school. We both worked at various times while at school. We both know that we could not have had the education we did if we did not have financial aid. We have endowed a significant scholarship at his law school and we have given to the financial aid programs at DS's schools. We feel it is very important to give back for what we received while we were in school. [/quote] How were you able to save $300,000 for college?[/quote] Not the quoted PP but we also have a substantial amount saved. We started early (when the kids were infants), put in bonuses and big chunks then and now do a payroll deduction each week.[/quote] Similar here. Only we started before we had kids and a decent chunk before the 1st was born. How did we do it? When we first got married and moved in together we saved one of our post tax salaries in its entirety and the max % 401k for the other. We have lived on "one" salary ever since. Decent professional salaries close to the Federal pay scale not huge lobby, sales or attorney type salaries. [/quote]
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