YES! And everyone complains about the high cost of college. Except you have 18 years to save for it. |
This is a sneaky strategy of theirs - rest assured, it is always intentional. |
If you read the article they are raising tuition so they can lower loans for those most in need. There's no perfect answer to get costs down. The price of higher education at both state and private schools is out of control and really most accessible for the wealthy and those most in need. The middle class is losing out big time. |
Apparently you didn't go to University of Virginia yourself, or any other reputable educational institution, if you still fail to know that the adjectival form of the noun "Democrat" is "Democratic". Since the word is modifying the noun "governor", you should be using the adjective. Otherwise you sound like an ignorant Fox News drone. You're welcome. |
We have a 2 year old and are considering joining. The website has very little information on what your options are if your child doesn't go to a Virginia college at all, or wants to go to a trade school, or dies. What happens to your money, then? |
Not if you add in R&B and books. |
You get the money you put in, plus passbook interest (which has been 0% lately). If you child goes OOS, you can transfer it directly to the school or to a 529. We are facing this now. You can also transfer it to a sibling. |
How's it stack up once you factor how much you spend on R&B for your pre-schooler? My broader point was that even the new price is an outstanding value, when compared to the high cost of educating children of any age. |
Why uva and not the other stste schools? |
R&B and books next year at my son's school for two semesters will be round $15k, plus he will be home for 1/4 of the year. They eat about 4 times more than a preschooler eats in a day and take more showers and use more electricity with their gadgets. So yes, R&B for a preschooler is significantly less. |
They should raise it market rates. Maybe 50-60k...turn it into a profit center... |
Correct. If kid doesn't go to state school, the money in the fund basically gets treated just the same as money in any other 529 account. |
What bothers me is this idea that parents have to subsidize other kids (on top of paying for their own) instead of all the taxpayers doing it. All of the taxpayers should be subsidizing the lower income students, not just the parents of others who go to college. That's how it used to work in the "old days". |
No they shouldn't |
Why would they need to, with one of the best schools in the country available in-state? |