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College and University Discussion
Reply to "is $18,000 dollars for college enough for 4 years?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Look at the tuition rates. GMU:https://studentaccounts.gmu.edu/tuition-fees/ Right now they are about 5k a semester. It depends on how many hours you take. [/quote] So, assuming this figure is correct, no. Tuition is $10,000 a year, x 4 = $20,000 But tuition tends to go up each year at most schools. And kids have to buy books and pay fees (like for labs, course supplies, activities). So, I would say that right now you don't have enough. But if the grandparents continue to contribute $12K a year, you can do the math and see how that would add up. Good luck.[/quote] 1k a year she's 13 she would have 18k by the time she turns 18. [/quote] Is it $1k/year or $1k/month like you wrote in the original post? $18k will not pay for 4 years at any school without massive scholarships, but it's a solid start and make the remaining loans at an affordable school reasonable. Everyone does what they can, if this is the most you can save then it will work out.[/quote]
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