One of my co-workers is pregnant with twins — girls, most likely. I overheard her saying that she and her husband had actually started their children’s college fund with last year’s tax return, before they even started trying for a baby (and before they got two for the price of one).
That made me think: should we be thinking about our future child’s education?
I mean, both Aaron and I had to take out loans to pay for our own college, and we’ll probably be paying on them until we retire. Literally. How would it be different if I didn’t have that expense now, and if I had known back then that I wouldn’t have that expense in the future? Would that have changed my young-adult relationship with my mother? Would I have worked harder, by virtue of someone else paying my way? Or would I just not have this $45 grand to pay off now?
Now that I think about it, we *would* like to enroll our child or children in private school at some point, and St. John’s costs just about as much as a community college. Should we be saving for that, too, or just hoping that our kid will test high enough to get a scholarship, or that we’ll be considered poor enough for him to get financial aid?
It’s weird stuff to think about. Especially when we haven’t even started trying to make this hypothetical future college student yet. I’d imagine that, once that other human being is actually in the picture, staring at me, I’ll probably feel different about providing for it. Right now, though, it just feels like, “I had to pay for my own college, kiddo, and so will you. Deal.”