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College and University Discussion
Reply to "College Planning Upper Middle Class"
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[quote=Anonymous]+1 on the numbers seeming reasonable. We're in our 40s, have 2 kids, 1.5 million in retirement, and about 100k in college savings and have never had a household income over 130k in DC area and many years with less. And one of us took time to get a PhD (both our careers are for love not money) and the other has taken off time for caregiving--we had no inheritance but educations were funded on merit aid. Seems like it would be relatively easy to amass what they have with more than double our HHI if they were frugal. To OP's point--I wouldn't commit to paying all of graduate school. Also, I don't think you get financial aid for funding grad school as a parent--so it wouldn't impact FA for younger child. I could be wrong for CSS--not quite sure.[/quote]
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