Reply to Experienced Parents: What was DCUM right/wrong about?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not saving enough with the justification of being in a good school district and relying on merit or financial aid and being disappointed when its not what you deem enough.[/quote]

Realism is sometimes hard to come by on this board. College and college prices have changed so much over the last 30 years that some are totally disoriented when they understand the current landscape. For some, that updated understanding occurs only as their kids are applying for college. That’s where state schools can be helpful, but some people don’t want to be bound by those options. [/quote]

It is so irresponsible. This is nothing someone should be surprised by when your kid is a senior. Our financial advisor told us[b] 20 years ago[/b] to save roughly $350k-$400k for each of our kids for private colleges and $200k for public college. [/quote]

You advisor is absurd.  You don't need $200K for public.  You do the prepaid, like we did and then save for room/board/graduate school.  You tell your kids that they are going to a state school as that is what you can afford.[/quote]

UVA is over $42K/year for in-state.  So the $50K/year is not that far off. [/quote]

To clarify, UVA is NOT $42k per year in state. ( and neither is W&M). You are talking only about engineering. My kids go to UVA college of arts and sciences and it’s about $30k per year. W&M is about $35k. PP, you need to clarify that you’re talking about engineering. [/quote]

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