Paying for and saving for college - how do UMC people do it?

[Anonymous]

Anonymous wrote:

Anonymous wrote:How are we doing it? Our kid will have the GI bill from my reserve career. I’m not surprised that the DCUM elite never consider the military as an option, but your kids can look into service academies, ROTC or the reserves.

This is what one of my kids did, got admitted to two military academies along with UPenn and MIT, went to West Point, no debt, great experience.

Yea you. My husband is a retiree but he didn't get the GI bill so that only works if you have one. I would never consider military or ROTC as an option as clearly you went in as an officer vs. my enlisted spouse. It was very very hard for him to get his degree and it took him many years to get it so I'd rather save as much as we can and forgo things like vacations, a big fancy house, etc. to pay for college. It's also very hard to get into a military academy if you don't know anyone. Nor do all kids want to do it. My kid loves camps at the academy but would never want to attend. And, being reserves now and the last 10 years with the constant deployments would be horrible.

[Anonymous]

I would say then to try to save enough for 2 years, FIL pays year 3, and dc take loans for year 4. They work summers for spending money.

Even with this you are going to have to save at least 1500.00 per month for college.

As to how. We saved in 529s since dc were small and increased as we could. Your income with similar issues. One parent sah for 6 years and then self- employed so large tax bill. Paid for or are paying for as have two dc.

Also got the message on retirement but can’t ignore our responsibility to our dc either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:A close friend works at a top uni and says almost nobody pays full sticker.

I know several UVA out of state students who pay full price out of state sticker.

Public’s are not very generous with merit or financial aid, especially for out of state students. I believe they are talking about private colleges, most of which heavily discount even for mid level admitted students.

[Anonymous]

Anonymous wrote:A close friend works at a top uni and says almost nobody pays full sticker.

Name this “top uni” and I’ll tell you exactly the % of students who pay full sticker, according to the common data set. It’s typically 50% or higher.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How are we doing it? Our kid will have the GI bill from my reserve career. I’m not surprised that the DCUM elite never consider the military as an option, but your kids can look into service academies, ROTC or the reserves.

This is what one of my kids did, got admitted to two military academies along with UPenn and MIT, went to West Point, no debt, great experience.

Yea you. My husband is a retiree but he didn't get the GI bill so that only works if you have one. I would never consider military or ROTC as an option as clearly you went in as an officer vs. my enlisted spouse. It was very very hard for him to get his degree and it took him many years to get it so I'd rather save as much as we can and forgo things like vacations, a big fancy house, etc. to pay for college. It's also very hard to get into a military academy if you don't know anyone. Nor do all kids want to do it. My kid loves camps at the academy but would never want to attend. And, being reserves now and the last 10 years with the constant deployments would be horrible.

Why didn’t your spouse get the GI bill? My spouse was an enlisted reservist and post 9-11 he can give the benefit to our kids (they have to split it). He deployed once every 5 years as a reservist, which was tough on my when the kids were little but we made it work.

I understand the military isn’t for everyone but this thread is about the sacrifices different families make for their kids and ways to help pay for college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How are we doing it? Our kid will have the GI bill from my reserve career. I’m not surprised that the DCUM elite never consider the military as an option, but your kids can look into service academies, ROTC or the reserves.

This is what one of my kids did, got admitted to two military academies along with UPenn and MIT, went to West Point, no debt, great experience.

Yea you. My husband is a retiree but he didn't get the GI bill so that only works if you have one. I would never consider military or ROTC as an option as clearly you went in as an officer vs. my enlisted spouse. It was very very hard for him to get his degree and it took him many years to get it so I'd rather save as much as we can and forgo things like vacations, a big fancy house, etc. to pay for college. It's also very hard to get into a military academy if you don't know anyone. Nor do all kids want to do it. My kid loves camps at the academy but would never want to attend. And, being reserves now and the last 10 years with the constant deployments would be horrible.

Why didn’t your spouse get the GI bill? My spouse was an enlisted reservist and post 9-11 he can give the benefit to our kids (they have to split it). He deployed once every 5 years as a reservist, which was tough on my when the kids were little but we made it work.

I understand the military isn’t for everyone but this thread is about the sacrifices different families make for their kids and ways to help pay for college.

DP here. Maybe he retired before the post 9/11 GI Bill? But now almost everyone can get it. My DH did ROTC and became an officer, then had his MS paid for as well. For him it was a great deal, and he was never deployed.

[Anonymous]

I plan not to spend a dollar on college for my kid. I will use saved thousands of dollars to buy properties, they can rent them and live of passive income. Why even bother with college these days? I'm not a troll.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How are we doing it? Our kid will have the GI bill from my reserve career. I’m not surprised that the DCUM elite never consider the military as an option, but your kids can look into service academies, ROTC or the reserves.

This is what one of my kids did, got admitted to two military academies along with UPenn and MIT, went to West Point, no debt, great experience.

Yea you. My husband is a retiree but he didn't get the GI bill so that only works if you have one. I would never consider military or ROTC as an option as clearly you went in as an officer vs. my enlisted spouse. It was very very hard for him to get his degree and it took him many years to get it so I'd rather save as much as we can and forgo things like vacations, a big fancy house, etc. to pay for college. It's also very hard to get into a military academy if you don't know anyone. Nor do all kids want to do it. My kid loves camps at the academy but would never want to attend. And, being reserves now and the last 10 years with the constant deployments would be horrible.

Why didn’t your spouse get the GI bill? My spouse was an enlisted reservist and post 9-11 he can give the benefit to our kids (they have to split it). He deployed once every 5 years as a reservist, which was tough on my when the kids were little but we made it work.

I understand the military isn’t for everyone but this thread is about the sacrifices different families make for their kids and ways to help pay for college.

DP here. Maybe he retired before the post 9/11 GI Bill? But now almost everyone can get it. My DH did ROTC and became an officer, then had his MS paid for as well. For him it was a great deal, and he was never deployed.

No, he enlisted when they took away the benefits for a few years and put it to another program. Very different for officers and enlisted but what people are proposing is that someone enlist to get college paid for which is very difficult. Your spouse was lucky if they never deployed but that's not common.

[Anonymous]

At $320K per year you are not going to qualify for any financial aid. You will be paying full ticket.

You should have plenty of disposable income to pay as you go. I say this as we make about 70K less than you a year and we are paying out of pocket for our child at an instate school. If we can do it, you can definitely do it.

[Anonymous]

You are way behind on saving relative to income.