Reply to Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yup, we are a full pay family.  The money is coming from a 529.[/quote]

Same. We have put in $10k/year annually since 2005. 19 years of contributions + growth = pretty much entirely covered & can cash flow the rest.

We lived very frugally the first few years; thankfully our financial position improved over time.[/quote]

Ditto times three. Add in $12k (for our oldest) and $20k (for our middle) merit aid and we have enough to cover undergrad. We’ve driven funky cars and lived in a modest house but this was a priority for us. [/quote]

Similar story here. Small house on a busy street, buy used cars that we drive till they die, take low budget vacations. Finished paying off our grad school loans just in time for oldest kid to start at a great school, full pay. For us, it's worth the sacrifice.

No doubt much of America can't afford $80k. But I'm amazed at the people like the PP who lives in a $2-3m house and still complains that $80k "would be a bite." I'm sure there's also plenty of multiple $$ vacations each year and top-of-the-line cars. But suddenly they're the strapped middle class when it comes to paying for their kids' educations.[/quote]

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