re: Those with children: how much are you saving per child for college?

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I would suggest nothing. Let them make their own way

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Some people will agree with this, and I don't necessarily think it's wrong. But, my parents paid for everything and it turned out great for me . I know too many people with 2 or 3 years of college who ended up quitting school to take a break and just make some money at the job they had eventually never going back to school.

I hope to pay for my kid to go to the best school possible for them. I don't think I'll pay hundreds of thousands of dollars for art school, but if he were to get into a school like Stanford, I'm not going to tell him tough shite, find a way to pay for it or go to a state school.

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Independence is a wonderful thing.

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My wife paid for everything herself through work and student loans. We both do very well, so it's by no means the end of the world. But if we didn't have her student loans, we'd be VERY comfortable. So independence might be a nice concept, but not having that debt if her parents would have shelled out the money for college would be pretty sweet too .

And I'm not saying that anyone has to shell out money for their kid. Her parents weren't in the best financial state at the time and it's certainly understandable. I would never hold that against anyone. But, I don't buy into the thought process that a kid will turn out better if they pay their own way. Way too many rich people have successful children who got a little bit of benefit from the silver spoon to think it's not beneficial.