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College and University Discussion
Reply to "How are normal people paying for college? "
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[quote=Anonymous]My dc are in college now as one a sophomore and one will start next year so may not be relevant if you are 10 yrs out since the amounts will be quite different..... Current in state tuition for 4 yrs is about 100k. We saved since birth smallish amount until I went back to work (about late elementary age of the 2 nd dc). At that point, we could put away about 1500 for 529s and still fund our retirement. That’s basically what my salary went to. However, we were not house poor, did not have fancy cars, and did not travel internationally ( before I went back to work.) Also, we were able to buy a typical colonial right before the market went crazy in early 2000 so we lucked out in that regard (and then never moved/ traded up). I will say we have$ in college accounts to pay for two in state tuition but one wants to go abroad. It is cheaper in cost and also only three years! This is driven by child but don’t overlook. So many of us buy in to this idea of only the top US schools but at end of day it’s what you do with your education and life and not name of university. My dc has humbled me. They can hold their own in any academic, sport, music, art, social circle and have decided to do it differently. Wants no part of the craziness and has found a wonderful place for them.[/quote]
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