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College and University Discussion
Reply to "Sad that I can’t afford a top school for DD. "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I can’t afford a top school for DD unless I spend my life savings, which I’m not willing to do. But I’m sad that she worked hard in high school and can’t apply to anything that will cost more than in state. Her friends are applying to ivy schools because they qualify for financial aid and they can afford to go there if they get in. DD could likely get into a top 20 school but wouldn’t get merit aid there. Just a vent. [/quote] How did you spend your money OP? We didn't go on fancy international vacations. We watched others do this with some envy but guess what, now they can't afford out of state private colleges and we can. [/quote] Hey, Smuggie McSmuggikins, a lot of us donut hole families are here not because we didn’t save on our huuuuge salaries, but because those salaries are very recent. If I’ve had anywhere near my current salary for 18 years, it wouldn’t be an issue. But we were a low earners (sub 100k combined) for so many years now our retirement accounts will be strictly cat-food level if we don’t save most of what we’re making now. It is what it is, but I completely understand OP’s sadness and frustration. [/quote] She’s not wrong though. We all make decisions. We have a hhi of $350k so we won’t get aid. Kids played travel sports, live less than 30 min from the capitol, and kids went to catholic school. Due to to high school raising tuition every year we cashed in the 529s we had been squirreling away. Have significant 401k and significant home equity. Couldve lived in poolesville and sent our kids to public school as not let them play travel sports. But that wouldn’t have been worth it. If for some bizarre our dems gets into her reach, We’ll take out loans, sell the house and pay them off, and downsize. It’s feels very entitled to complain about Duke not charging you what you want them too. There are crazy amounts of universities and colleges in this country. End rant.[/quote] You get it! It's all about choices. You chose to spend more during K-12 and with travel sports. You liked the life you had and made the choice to do it. Now you have to choose how to afford college. With $350K and private catholic schools and travel sports gone, you can likely pay for $90K with some parental loans and then pay them off in 4-5 years post college for your kids. or you search best merit and attend target or safety [/quote]
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