We have our first in college with almost no available savings accumulated. Unfortunately financial aid is almost completely dependent on income, so we received very little, about 10% of the total cost. I really pushed for the much more affordable state university, but my child and wife felt strongly that a better college was worth the added loans. In hindsight, I should have asserted myself more. Now we are looking at a financial nightmare. But I feel if we had managed to save, it would have mainly just reduced what little aid we did get. But the advice I read said to fund your retirement first, which I did. The bottom line is for people with decent incomes, you are on your own!
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