Originally Posted by Bostonian
HowlerKarma, have you computed the net price for your daughter at Harvard (say) vs. your state flagship using the net price calculators that each school is mandated to provde? Lots of parents and students do not take this first step.

This is the "don't have significant savings" rule.

If you have actually saved cash, say so that you can actually retire, you pay a lot.

And, if anyone was curious, apparently with future investment returns in the gutter, people are going to have to save about 34% of their gross salary every year to actually retire (granted this is state pensions, but still).

http://www.crestmontresearch.com/docs/Article-Looming-Crisis.pdf