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College and University Discussion
Reply to "I’m really surprised how many people don’t save for college"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t understand saving for college. We just pay for it out of our income. We only make $250 but $60K / year is not that big of a deal once your kid did private school for 12 years. It’s just part of the budget.[/quote] 1. How many kids? 2. Some colleges are more than 80K a year.[/quote] 2 One goes to UMCP (which is cheaper than private school) one goes to a school that is $70K but we only pay $40K Each kid takes out student loans (5K/year) basically hoping for loan forgiveness. That worked for one kid so far. We will pay the rest if we have to. Interest free loans are just smart money.[/quote] There’s a good chance that loan forgiveness, while earnestly promised, will never come to fruition [/quote] My work offers it so I mean from their job, I should have said Liam repayment. I took $10K parent plus loan and my work payed it.[/quote]
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