Reply to When you can’t do it all, how to save for college?

Forum Index » College and University Discussion

Reply to "When you can’t do it all, how to save for college?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Be very honest with your kids about college when the time comes. We have a lot of mortgage for our income - we decided we wanted short commutes to have more time with our kids and we're trying to pay it down faster. We're on track to pay about half of each of our two kids' undergrad. As we finish off paying our second mortgage and get them both into school, we'll increase. We also get some money from grandparents, which we save for college. However, I am banking on them investing in their own educations and planning to help pay as they go. If they want to go to a private school, they'll understand that they will have to pay more of the costs.[/quote]

How sad for your kids you don't teach them to live within their means and your location is more important than their future. [/quote]

NP. Location isn't just about the parents' commute. It is also a way to make more time for your family in the day. That's as important as $$.[/quote]

I'd rather have an extra 30 minute commute and pay for my child's college.  My spouse has a very long commute and you do it for the money so you give your children a better life.  [/quote]

This is ridiculous! You buy a house based on budget, commute, schools, neighborhood, and also what the actual house looks like. The house has to work for everyone in the family. It’s not selfish to have considered your commute as one of the factors when you bought your house.

A top, private college is already $70K a year. That’s nuts.

What’s also nuts is to spend your life commuting because your kid might get in. What’s even nuttier, is spending your life commuting so that your kid can pay full-freight at a lower-tier SLAC studying American Studies.

At a certain point, live your life, save what you can, and hope it works out.[/quote]

We don't buy based off commute as my spouse changes jobs every few years and the locations flip.  We plan to fully pay for a state school for college and graduate school and if we can afford more, great.  If not, state school.  If you want to overspend for a house and justify it and not pay for college, go for it.  It speaks volumes of you as a parent.  And a good parent preps their kids for college so they don't go study American Studies.    College was $50K at privates 20 years ago so why is it a surprise its $70K now?[/quote]

I’m saving $20K/yr. for college. I’m not suggesting people don’t have to save. I’m suggesting it’s nuts to call people bad parents for somehow not saving half a million dollars, but you know, they could have if they’d just commuted in farther. The problem with college is that it takes 18 years of SIGNIFICANT savings to fund it. It used to be “working over the summer” was a way to fund it. This is caused by structural problems in our society, not by bad parents making bad choices.[/quote]

When I went, you could not fund college with just summer savings.  My parents and grandparents saved when we were born, like we do.  My parents generation could work summers and pay for it but it hasn't been that way for our generation or our kids.    Saving $500K is way too high but I'd like to have $200K saved but we are on our way with that.  However, I will push a state school so we can pay for graduate school too.[/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