Reply to I’m told I need to INVEST $259k over 18 years

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[quote=Anonymous][quote=Anonymous][quote=Anonymous] I admit I’m confused by the amount we are supposed to invest ($1,200 per month) for each child to fund private college. That means we will be investing approximately $259k over 18 years. [b]That is enough to pay for private college [u]now[/u] at 60k per year.[/b] Is the calculator not including any appreciation?!?

Our goal is to invest at least 60k by age three. This is one year of tuition. I sure hope this would grow to at least two years of tuition by age 18, which would be in 15 years.[/quote]

The cost of college has been outpacing appreciation, inflation, damn near every financial sector in the last 10 years, and there's no real indication it's going to stop.  So if your kid is under 5 now, you should assume college will be closer to $100k/year when s/he is ready to go.[/quote]

NP. Cool, so working parents are supposed to pay for a private college degree at current prices out of our monthly cash flow, while also paying $1.5k/mo/kid for childcare, paying back our own student loans, and saving for retirement? 
F*** the whole system, I’m sending my kids to Germany or Norway for college and telling them not to come back[/quote]

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