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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$400,000 each lowest and $700,000 each if med school or law school a possibility. [/quote]

Lol [/quote]

It's reasonable for some people to save for law school, medical school, and other higher educational costs.  My parents paid for those things, and they are still over the estate tax limit.  When I went to school, the total cost of attendance was $50k (now it is over $90k), and my parents' income was over $1m at the time, so from their perspective, paying for undergrad and graduate school was a no-brainer.  It didn't affect their quality of life, retirement plans, etc.  [/quote]

I don't know the stats but if were to guess I would say [b]maybe 2% of the US population has a yearly income over $1 million[/b]. With a single year salary they can finance your entire education. 98% of Americans don't have that privilege.[/quote]

More like 0.5%.

Their answers to these questions are completely irrelevant.[/quote]

I think they are relevant to understanding who can afford to pay $100k annually for their kids' college.  If you're making $250k per year in 2026, it's probably a bad financial choice.  If you're making $2m a year, it's a find financial choice. [/quote]

But if you are making $260k and have been saving $10-15k per yearsince your kid was small, you could also easily fund that for your kid.  And it's not a bad decision

There are plenty of people who do just that.  It's called planning 
[/quote]

It is actually a bad financial decision to pay that much for college per year. The ROI isn't going to be there.[/quote]

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