Reply to Is it responsible to spend 90K/yr in education?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it’s silly, no matter how much money you have. 
If kid is brilliant, they will get merit scholarship. 
If they are not, then college not for them. 
[b]Just my opinion[/b]. [/quote]

A lot of schools don’t offer merit.

Our kids made grades high enough to get in, but since everyone that attends has similarly high stats there is no merit. But we can afford it. And are comfortable paying it - for both kids.

But that’s why we work, When We could likely retire. Work is easy. Money is good. Of course, We can save the money and leave an extra $500k (in todays money) to our grandkids when we die; but we decided to spend it on their parents’ education (and still leave them millions). This is Our choice and what works for us.

So Just because it’s silly for your bank account, it’s just another bill for ours.

Just my opinion! [/quote]

You are an example of many people who are loaded enough to effortlessly afford it, there are people way more loaded than you are who don't even have to work to give their kids the most expensive private education.  But it's irrelevant to the OP, because she wouldn't be asking this question had money not being an issue.  [/quote]

Or just someone who also targeted saving for college from time kids were little.  I know plenty of people who [b]only make $250-300K [/b]who manage to save for 90K college (and are not going into debt)---they simply chose to save and make education a priority.  Think about it.  If you were living on $125-150K at one time, then incomes went up to $250K, you can choose to save at least 50% of that for college and bingo you will be set.  I do get that the other 50% likely went to retirement savings and other items.  But fact is, many people choose not to save--and that's okay, but don't claim you couldn't have saved if you wanted to
[/quote]

It’s also important to consider whether you want your kids going to school with the children of people who, in all seriousness, say things like the bolded.[/quote]

My god, what chance do those of us only making 150K have?  I guess I'm lucky my kid isn't a good enough student to get into either UVa or Northwestern, nor anywhere that would justify 90K.  [/quote]

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