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

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Assuming 25k a semester? Holy shite dude.

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A semester at top 25 university has cost more than this for over 5 years.

FYI, according to an article my wife found on Yahoo Finance, a single year of tuition at a private school in 2030 will cost about $175,000 at the current rate of increase.

I've said this before, higher education is the last bubble left to pop in our economy, propped up by unlimited government loans. Fortunately, the demographics will pop this bubble before the government's support of liberal educational institutions will cease.

As of 1990 (kids who started college in 2008, I.e. the last year of generation Y, 1978-1990), the birth rate has fallen off a cliff and the number of college students has dropped every year since and will continue to do so for the foreseeable future.

As evidence, the WSJ had a recent series on massive layoffs at major private schools, notably Loyola New Orleans and Spring Hill, who have laid off over 1/3 of their respective staffs with huge dropoffs in applications and new students recently.

I'm on the board of my local alumni club for a top 25 university and the number of applicants is consistently 50% less than it was 5 and 10 years ago and the school has DOUBLED its acceptance rate from 10 years ago just to fill the same size freshmen class.