Reply to Experienced Parents: What was DCUM right/wrong about?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not saving enough with the justification of being in a good school district and relying on merit or financial aid and being disappointed when its not what you deem enough.[/quote]

Realism is sometimes hard to come by on this board. College and college prices have changed so much over the last 30 years that some are totally disoriented when they understand the current landscape. For some, that updated understanding occurs only as their kids are applying for college. That’s where state schools can be helpful, but some people don’t want to be bound by those options. [/quote]

It is so irresponsible. This is nothing someone should be surprised by when your kid is a senior. Our financial advisor told us[b] 20 years ago[/b] to save roughly $350k-$400k for each of our kids for private colleges and $200k for public college. [/quote]

Ummm...not everyone has a financial advisor. [/quote]

A simple google search for a college cost calculator 20 years ago would have given anyone similar information. 
[/quote]

We did this 21 years ago (oldest is a Senior now) and calculator recommended 1,000-1,500 per month, per kid. That was not financially possible at the time. Knowing is different than being able to afford it.[/quote]

Obviously!  But knowing that means you can make whatever choices work for your family to plan for it.  Or plan for your kid to attend a school that only costs them $15-20K/year.  But it should not come as a shock to anyone with a HS student currently that college will run them $25-40K/year easily right now.  [/quote]

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