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Reply to "SAHMs with no retirement or college savings"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The problem here is the ludicrous cost of college. It’s not lazy and selfish to fail to prepare for this. We shouldn’t turn an economic problem into a moral issue.[/quote] This is the best post on the thread. I would only add that we should prepare for the system we have, it's magical thinking not to. But it's a flawed, failed system of unregulated capitalism that puts profits over people and communities, like so many sectors in the U.S.[/quote] yes college costs have skyrocketed, but there are still affordable choices. The cost for majority of VA instate schools (minus W&M and UVA) is less than $25K/year. So college is ~$100K. Kids can work to earn $10-12k/year. Take $5K/year in federal loans. That leaves ~$40K for parents to assist with. If student is a top student, they might get $2-3K/yr in merit. And if the $25K/yr is too much, then utilize CC. And really, if you know money is an issue and you have a good student, then utilize Duel Enrollment while in HS, where your kid can earn their AA for basically free (most states only charge students for Books/supplies, tuition is free. With that your kid only needs 2-3 years for undergrad, the AA was virtually free. In my state, getting your AA and having a high gpa gives an advantage to getting into the state schools to finish up. But do Duel enrollment, and college will only cost you $50-60K total. So while it may not be the "elite" college experience, there are many ways to do it for reasonable cost. I have a friend who's daughter is doing this. Got the AA, will graduate with only 2 years from a T60 State school. So college will cost $50K for them. Min wage is $15/hr+ in our area, so kid earns $15K/year working breaks and PT during school year. This kid alone can almost pay for college, because they also worked PT during HS (duel enrollment gives you lots of extra time---not just sitting in classes for 7 hours per day---this kid danced 15+ hours per week and worked 15 hours/wk in HS). So with what they saved in HS, they could in reality pay for college themselves, with a degree from our state flagship that many want to attend. [/quote] If only it were as easy as you say.[/quote]
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