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Reply to "Question: those who send their kids to slac or oos schools.."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Oberlin: $76k a year, including R and B Paid as follows: $24k merit $4k OSCA (does co-op dining, rather than standard meal plan. Works in the co-op about 6 hours a week, saves $2k a semester) $25k out of 529 (we saved $110k by May Senior year, cushion because costs will increase each year) $15k out of income ($1200 a month, which is what we saved during HS) $8K from my kid (he had $80,000 gifted to him for education between both sets of grandparents and my grandparents) This year, OSCA isn’t happening because of COVID, so my kid’s portion is $12k. We are very lucky that we have the only grandkids on both sides, and both sets of grandparents opened a 529 or education IRA when they were born and contributed some each year. Otherwise, my kid would take out a $5500 Stanford and we would make up the difference. Kid is responsible for books and spending money from summer job. Realized WM is now $42k w/ R&B and once merit and OSCA are factored in Oberlin is $48k w/ R&B. [/quote] Bang for the buck just isn’t there.[/quote] +1 What is he studying at Oberlin?[/quote]
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