Reply to Just calculated projected college costs for my kid and almost vomited

Forum Index » College and University Discussion

Reply to "Just calculated projected college costs for my kid and almost vomited"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]So, just to make you feel a tiny bit better....I have a rising Freshman in college. Back when he was an infant, I was running the same numbers and getting the same types of projections (in early 2000s dollars) and the numbers seemed just so bonkers and unattainable.

We started slowly, with what we could afford. Like $50/month. It was better than nothing, then we bumped it up as we could. When daycare ended, we stepped it up to $350/month for years. In just the last year, I doubled that.

Today, he has $80k in his account. Compared to many of the Richie Riches here, that doesn't seem like much. BUT--if we continue to contribute our current $700/month to his college, along with that 529 month, we easily cover his in-state tuition, room and board.

And unlike when I went to college, merit scholarships, particularly at privates, are a BIG part of the equation. Do not blanket rule out privates, as you may find they deeply discount and end up the same as UVA for your kid. I see those stories all over the place. It's a norm. Basically, don't accept the first offer if your kid has the stats a school wants.

Of course, Ivies and the big, popular schools are an entirely different story.

But we didn't find it to be the horror story that we expected it to be. Not to say things won't change in the next 20 years.[/quote]

Mirrors our story exactly.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics