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College and University Discussion
Reply to "Paying for college costs"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am lucky to live in Virginia, where if my kids go to public school, we will pay max about $42k a year (w&m) for school. On the more affordable end are Christopher Newport ($27k) and GMU ($15k). We also have a hhi of $250k so will not qualify for non merit aid at most school. Let’s say max I pay instate is $160k per kid. And I have 2 kids. I have saved $150k for both of them and can afford to pay for instate for both with minimal loans. Any school that’s annually $55k+ tuition and room and board (and I’ve seen 60, 70, 80+k), we just can’t afford or it’s not worth it. Not for $300-350k/kid. Also they can go to grad school if they need to, to improve their career prospects. I don’t know why people would take on more than $100k of debt for undergrad. It’s unnecessary, especially in Virginia. [/quote] $150 each?[/quote] No I have saved $150-160 in 529s total. We are still 2-4 years out for the start. The rest we will pay from “cash flow”, other savings, selling some stock if needed, and hopefully minimal loans. But 250k-350k per kid gif undergrad is not what we’re signed up for. [/quote]
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