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Reply to "Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. I get that $90K is a rounding error for some on here and two weeks' salaries for others. But I bet that for most of us, $360K is not an insignificant amount. And yet we're fighting each other for the privilege of paying it. We are truly idiots for playing into this. Excuse my insult as I include myself in that group. [/quote] +1 I totally hear ya, OP, and agree. Our HHI is $320K, and we cannot afford $80k/yr x 4 years x 2 kids. We have about $150K per child. We are suuuper lucky for DC#1 go get into UMD in state for CS with merit aid. DC also applied to all the expensive private and OOS, and I told DC we cannot afford that, and do you really want to take out loans and have $80K+ debt when you are 21? DC knows they made the right decision. I can only hope DC#2 is as lucky to get to into UMD.[/quote] This is us too. 2 kids, $150k in each 529[/quote]
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