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Author: 2gifts Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76384  
Subject: Re: retirement for my 2 and 4 yo?? Date: 7/1/2007 7:28 AM
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your philosphy, not ours...and I do not see a nice 4 year in-state school as a limitation-and undergrad degree from UT, A&M or West Texas state will open the same doors as a degree from just about any Ivy league school at afraction of the cost...

You're lucky to have good state schools that offer a wide variety of programs. I'm not so lucky. UMASS doesn't offer a good program in anything that my kids are interested in, and that's the extent of my state schools, but if it did and that's where they wanted to go, that would be fine with me.

We didn't want their choices to be limited by finances, so we've budgeted for more expensive private schools. If they choose to go to less expensive schools or not go at all, then we'll have more money available to do other things. If, however, we'd only budgeted and saved for the less expensive schools, we'd be in a tough financial position now that they are looking at the more expensive schools.

We took what we considered was the more conservative route and budgeted for the more expensive schools. I'd rather do that than come up short.

I also would never consider choosing my child's school, based on any criteria. I see a lot of parents who do that and will only pay if the child goes to one of a particular set of schools that the parent has selected, and I've seen it range from only paying for specific in-state schools to only willing to pay for the child to go to Ivy leagues, so it's not necessarily a financial consideration.

I was simply pointing out to you that there are other philosophies and some of us have done different things. It doesn't make either thing wrong. It just makes them different.

I think it is always helpful to hear what others have done because I don't think of everything, and I get good ideas by listening, so I'm finding this discussion useful as I'm learning new things and what sorts of things other folks consider so that I can know we're considering all the things we should be.
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