Reply to SAHMs with no retirement or college savings

Forum Index » Money and Finances

Reply to "SAHMs with no retirement or college savings"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I swear you people are among the most gullible or the Internet. The OP is trolling. She made this up. Don’t people have better things to do with a Friday night?[/quote]

Op here. I did not make this up. I would not talk about this to other people in real life so I posted here. I have young kids I put to bed at 8.

I’m a sahm so I meet a lot of other SAHMs. It is one thing to be a sahm when your spouse is a high earner or your child has special needs. I don’t understand why a mother would not go back to work if your family needed the money. [/quote]

Maybe the family does NOT "need money".  How do you know they don't have a plan for college?  There are plenty of colleges kids can go to that only cost $20K/year----especially if their kid is a high achiever and willing to search out merit.  Not gonna happen at a T40 school, but there are plenty of schools that a 1450+ and 3.8+ student can attend with great merit.  My own kid could have gone to 2 of our state schools for less than $15K/year with merit and our state premier flagship (T50 school) for $30K. If we had needed merit, there are tons of smaller/non-elite schools that those scores can earn you nearly full tuition. 
SO maybe the family has a plan to afford college and it's called not focusing on elite schools.  $30K/year means the kid can earn $10K (summers/breaks/PT in college), take $5K in loans and they are left with $15K/year.  Perhaps the parents have a plan for that---that can be done fairly easily on $150K-200K/year income.  But if not, the kid picks a school that is only $15-20K.  They actually exist if you have a decent student not focused on Elite schools.  
One of my kids had a 25ACT, 3.4GPA (UW) and got 65% of tuition awarded at a T140 school (tuition was ~$40k, we would have paid $14K the first year, so with R&B it would have been ~$30K).  We were not merit seeking, but if we had been, even that kid could have found a great place that was very affordable.

So yeah, it's not T20 but excellent schools that are affordable.  Families without that T20/elite obsession know there are affordable choices. 
[/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