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Reply to "What are your plans for kids' college costs?"
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[quote=Anonymous]We have five children. There is no way we could fully pay for all of their college costs. Even if we could pay for the total cost, we wouldn't. I've read over and over again that most financially successful people paid for at least a portion of their college costs. Here is where we are so far: DS (22 year old senior in college) ROTC scholarship plus Army National Guard. He is "college first", meaning non-deployable as long as he is in school. However, he volunteered to go overseas twice with his guard unit. Once to Iraq and once to Afghanistan. His college is fully paid for by his scholarships and G.I. benefits. He gets 100% of his tuition, books, fees, and housing paid plus he gets $1,200 a month for extras. He'll be commissioned a 2LT in just a few months. DS (19 year old college freshman) Pretty much the same as his older brother, only he has only been deployed once. All of his college expenses are fully paid. He is not interesting in making the Army a career and is working towards his degree in Biology. DD (18 year old college sophomore) Graduated with a 4.45 and is a National Merit Scholar. She had her choice of schools. She is on a full academic scholarship - tuition, books, fees, housing, meals... The only thing we have to pay for is the extras. DD (17 high school junior) ??? DS (11 fifth grade) ??? Not sure what the last two will do, but they know that they must take responsibility for at least a good portion of their college costs. There is tons of scholarship money out there. If they aren't smart enough to get a scholarship, then community college is a much better option for them. I think they'll get something. My 17 year old has already been approached by two schools about rowing scholarships.[/quote]
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