@ECW Where did you get a 52% effective tax rate considering tax rates are marginal and you can deduct your state income takes from your federal?
@garli I guess I read that slightly differently. More like those with privileged upbringings are likely to have the means and ability to navigate systems like health insurance/medicare/medicaid. But I also agree with you in that you don't have to be able to give your kids every advantage to be a good parent.
@therealjaygatsby All of that sounds really stressful, but especially the PLUS Loans! You're right, parent plus loans have fewer options for payment plans. Are you and your sister both listed as beneficiaries of the loan(s)? Because once this hits her credit report she might have to wake up and pitch in. I don't have any advice you probably haven't heard/thought of, but good luck.
@allreb The 'move in with your parents' trajectory doesn't resonate with me because my parents also live in a rural area. It was nice to see that in your story. And that your sister was so generous.
@breakdownhat You're really surprised by how few people's parents paid for college, even though tuition has been climbing for decades? Do you think the $1trillion in student debt was all a dozen really irresponsible law school students? Nevermind the fact that millions of households struggle to put food on the table for their kids (check SNAP and WIC enroll numbers) much less open 529s for them. Not having "to think about paying for things I really needed until after I graduated" is an incredible luxury.
I know some lovely only children but this is why I want 2 (honestly if I was a brillionare I would have 4, but that is me) "I know several folks whose siblings are more hinderances than helps. But life is risk, and I’d rather risk doing too much than too little."
Those last two sentences <3 <3 <3
@nichteilen It happened to me too!!!! It was a tiny card that was meant to look like a rejection letter then they were all 'JK, you're in!' Small catholic college in upper midwest. There were other reasons why I didn't want to go there but that troll glitter letter sealed the deal.
@TheDoctorsCompanion So specific! Respect.
Not quite transparent enough to post my whole budget but I will say my big goal for 2015 is to get my student debt under $20k which means paying off about ~$18k or a bit over $1k a month. Yikes! But I want it GONE.