Reply to How do you grapple with the cost of expensive colleges?

Forum Index » College and University Discussion

Reply to "How do you grapple with the cost of expensive colleges?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm guessing saving $180K per kid was the result of some windfalls and smart investing. We're a classic doughnut hole family with no debt and a much more modest lifestyle than anyone we know, and we're lucky to have saved a fraction of that while still saving for retirement, etc.

It seems the wealthier families we know also have a lot of family assistance. Unfortunately, that is not the case here. And we're too risk averse to invest.

To those just joining us, this thread is another iteration of people justifying paying a lot for college and justifying not paying a lot for college.

Here in the doughnut hole, I'm grateful my kids have good state colleges to turn to, and time to figure out at what point paying a premium for education makes the most sense. For my first, undergrad is not that time![/quote]

We started saving before they were born.  No windfall, no lucky investing.  Just continuous saving and keeping it a priority.  When they were born, we were making a little over $100k.  Now we hover around $200k. It was a gradual build up of income.  One is in college and the other is heading this fall. We were able to save enough for each to go to an out of state school or private school with scholarship if that is what they chose.  Which is what they are doing.  One costs around $42k a year and the other will cost around $45k a year.  This includes R&B, books, transportation, fees as well as tuition.   For various reasons, in state did not work for either child and we were happy that we could give them the option for a better fit without loans.

Everyone has their own circumstances and needs to figure out what works for their family and children.  We did what worked for us.  Both DH and I came from families where our parents also saved and allowed us to figure out where we would go and through a combination of things (parent savings, working, scholarships) each of us was able to graduate without loans. We think of our parents gift to us as a pay it forward kind of thing and thus made decisions to try to do the same for our children.  We are grateful it worked out. [/quote]

I'm the other $180K/kid PP and our profile is, and approach has been exactly the same.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics