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College and University Discussion
Reply to "How does most of America pay for these elite schools?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As soon as our first son was born we started saving for college A small smoothly amount at first and increased when daycare was no longer needed. We do have 80k a year saved for him and his brothers. [b]We do fine[/b] but have 10 year old cars. No fancy handbags, clothes, etc. Now if we had 6 kids no way could we afford college for all six. [/quote] Good for you! It’s nice to read about [b]responsible parents[/b] who planned ahead. [/quote] I guess you define "responsible parents" as those who can afford to save nearly a million dollars to send their three children to college!! I guess us poors don't cout as "responsible" in your definition as there is absolutely no possible way we could accumulate a million dollars in our childrens' college fund, no matter how much we scrimp and save. What, exactly should we have cut back on? Doctor visits (those co-pays are costly)? Food (kids eat too much, even though mine are very thin)? Piano lessons (only the wealthy can learn to play the piano)? We saved $300K for our three kids, and that's all we could afford, despite living in a small house, and not "doing fine" as the PPP self-described her HHI. Our not "fine" HHI does not allow us to be "responsible parents." Sad. We really suck because our kids are going to in-state schools, not the Ivies (even if they get in), not any private colleges because we can't afford them, even with merit aid. You really live in a DC bubble. Most of America has a fraction of what DC parents have. [/quote]
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