Just calculated projected college costs for my kid and almost vomited

[Anonymous]

I would save for the amount of in-State tuition. Nowadays, a lot of schools give merit aid to upper middle class families. For instance, only 6% of students at Connecticut College are full pay, and that’s a NESCAC school that is in decent financial shape. You may be priced out of elite schools, but there will still be good schools left. My parents have an education trust for our kids and we plan on encouraging them to not use it all on undergrad, but go to a cheaper option, and then have grad school potentially paid off too.

[Anonymous]

Anonymous wrote:I would save for the amount of in-State tuition. Nowadays, a lot of schools give merit aid to upper middle class families. For instance, only 6% of students at Connecticut College are full pay, and that’s a NESCAC school that is in decent financial shape. You may be priced out of elite schools, but there will still be good schools left. My parents have an education trust for our kids and we plan on encouraging them to not use it all on undergrad, but go to a cheaper option, and then have grad school potentially paid off too.

Source?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I would save for the amount of in-State tuition. Nowadays, a lot of schools give merit aid to upper middle class families. For instance, only 6% of students at Connecticut College are full pay, and that’s a NESCAC school that is in decent financial shape. You may be priced out of elite schools, but there will still be good schools left. My parents have an education trust for our kids and we plan on encouraging them to not use it all on undergrad, but go to a cheaper option, and then have grad school potentially paid off too.

Source?

Yeah there’s no way that’s true. Or their spreading the FA dollars way too thin.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I would save for the amount of in-State tuition. Nowadays, a lot of schools give merit aid to upper middle class families. For instance, only 6% of students at Connecticut College are full pay, and that’s a NESCAC school that is in decent financial shape. You may be priced out of elite schools, but there will still be good schools left. My parents have an education trust for our kids and we plan on encouraging them to not use it all on undergrad, but go to a cheaper option, and then have grad school potentially paid off too.

Source?

Yeah there’s no way that’s true. Or their spreading the FA dollars way too thin.

According to their Common Data Set, 58% of students receive need based aid. Which is actually more than I’d expect. And more than a lot of schools and including all the Ivies and other NESCAC schools. But definitely not 6%!

[Anonymous]

Pete Buttigeg talked about this. Public college should be free. I went to an Ivy and a private grad school with my immigrant parents' help. They did pay as you go for the most part and also took out loans. I paid most of my grad school through loans and scholarship. But the costs of college now and in the future are absurd. I'm sure the bubble will burst, and if it doesn't I may send my kids to university abroad. In the meantime, I'm saving $8k per each child each year in a 529 (enough to get the tax benefit in dc).

[Anonymous]

College doesn't have to be that expensive.

Our DS goes to a state school in PA. Going in as a freshman our 529 had a value of just over $80k. After two years and two summers of classes we still have a 529 value of about $26k.

For the first year we paid tuition and housing. Board was covered by athletics. DS's SAT score in the 1300s knocked off more than $7k from tuition as a "high achieving student". This year we paid for off campus housing and athletics again covered board. We paid about $9k in tuition costs.

For 2020-2021 they are dropping out of state tuition. In state will be $12,744 and OOS is $13,472.

[Anonymous]

22:24 here. As I think of it, our 529 might not have even been that high as DS entered college. I do know housing costs dropped a lot in year two off campus.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remember that when you VOTE!

?? Who is going to lower the costs? Serious question.

Republican governors aren’t.

How about some Dems then? Name a couple who've made this a campaign pledge.

I live in Florida and our state universities are already very cheap to begin with (under $20k for everything — room, board, tuition) but we also have a program called Bright Futures which allows students with certain credentials to go to state Us virtually free of cost. Georgia also has a program where high achieving students can go for an extremely low price. Amazing!!!! How about those good Democratic states of California or New Jersey? 😅

Yeah, and you can get a free tuition in Alabama with 30 ACT and 3.5 GPA. But who wants to go there?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remember that when you VOTE!

?? Who is going to lower the costs? Serious question.

Republican governors aren’t.

How about some Dems then? Name a couple who've made this a campaign pledge.

I live in Florida and our state universities are already very cheap to begin with (under $20k for everything — room, board, tuition) but we also have a program called Bright Futures which allows students with certain credentials to go to state Us virtually free of cost. Georgia also has a program where high achieving students can go for an extremely low price. Amazing!!!! How about those good Democratic states of California or New Jersey? 😅

Yeah, and you can get a free tuition in Alabama with 30 ACT and 3.5 GPA. But who wants to go there?

You see, if you are seeking merit aid (unless your kid is a superstar) the schools that give it are generally less desirable for some reason. But nonetheless we took the merit aid offer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remember that when you VOTE!

?? Who is going to lower the costs? Serious question.

Republican governors aren’t.

How about some Dems then? Name a couple who've made this a campaign pledge.

I live in Florida and our state universities are already very cheap to begin with (under $20k for everything — room, board, tuition) but we also have a program called Bright Futures which allows students with certain credentials to go to state Us virtually free of cost. Georgia also has a program where high achieving students can go for an extremely low price. Amazing!!!! How about those good Democratic states of California or New Jersey? 😅

Yeah, and you can get a free tuition in Alabama with 30 ACT and 3.5 GPA. But who wants to go there?

No you can’t, stop lying.

[Anonymous]

Anonymous wrote:Yeah, and you can get a free tuition in Alabama with 30 ACT and 3.5 GPA. But who wants to go there?

Lots of people take UA up on its large out-of-state scholarships. 30 ACT/3.5 brings a scholarship of 20k/yr against out-of-state tuition of 30k/yr (direct-billed costs of 45k/yr, including room and board.) Bigger money comes with higher scores, and a 4.0/36 would bring full tuition: https://scholarships.ua.edu/freshman/out-of-state/

[Anonymous]

Anonymous wrote:

Anonymous wrote:I would save for the amount of in-State tuition. Nowadays, a lot of schools give merit aid to upper middle class families. For instance, only 6% of students at Connecticut College are full pay, and that’s a NESCAC school that is in decent financial shape. You may be priced out of elite schools, but there will still be good schools left. My parents have an education trust for our kids and we plan on encouraging them to not use it all on undergrad, but go to a cheaper option, and then have grad school potentially paid off too.

Source?

PP here. Link below has the info- I was very surprised! Lots of good schools like Denison and Rochester give aid to nearly everyone.

https://nces.ed.gov/collegenavigator/?q=connecticut+college&s=all&id=128902#finaid

[Anonymous]

But keep voting against Bernie.

[Anonymous]

You should hope that many colleges fail.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remember that when you VOTE!

?? Who is going to lower the costs? Serious question.

Republican governors aren’t.

How about some Dems then? Name a couple who've made this a campaign pledge.

I live in Florida and our state universities are already very cheap to begin with (under $20k for everything — room, board, tuition) but we also have a program called Bright Futures which allows students with certain credentials to go to state Us virtually free of cost. Georgia also has a program where high achieving students can go for an extremely low price. Amazing!!!! How about those good Democratic states of California or New Jersey? 😅

Yeah, and you can get a free tuition in Alabama with 30 ACT and 3.5 GPA. But who wants to go there?

No you can’t, stop lying.

https://scholarships.ua.edu/freshman/in-state/