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College and University Discussion
Reply to "Our EFC is 500,000???? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our EFC is 230k. We don’t even make that much 300k with both parents working + 2 million assets[/quote] You make $300K and $2 Million in assets, you have plenty of money to pay for college.[/quote] 2 million asset is 1 million after expenses and taxes, not even enough to pay for 3 kids @350k each after depleting my lifetime savings [/quote] So do what the rest of us do…guide them to schools within your budget. Your whining about your wealth is annoying [/quote] NP. It's not annoying. People should not have to deplete their hard earned money that they've saved a lifetime for, to send their kids to college. No one should. And don't say there "are plenty of schools." When a kid works hard and does everything asked of them, stays out of trouble, etc. it's not unreasonable to want to send them to the best schools they can get into. And even a lot of state schools cost in excess of $30k/ year. The cost of college is ridiculous and unsustainable.[/quote] On $300K and $2 Million in assets, you can afford a state college. You start saving from birth and you forgo things like vacations, fancy dinners, etc.[/quote]
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