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[quote=Anonymous][quote=Anonymous]First, top students in Maryland and Virginia have no problems because the state flagships there are world-class universities. Donut hole families might not have $300,000 saved, but, if they can save $50,000 per kid, send the $12,000 or so they’re probably spending on their kid’s care, feeding and activities to the college, have the kid earn $5,000 per year, and scrape up an extra $10,000 per year from cash flow, they should be able to afford an in-state flagship for one student at a time with all bells and whistles pretty easily.

Plenty of private schools hold their true net cost for top kids to less than $45,000 per year, so, most donut hole families who can afford UMd. in-state without merit can probably stretch a little to pay for a private school that loves their kid. If a kid is paying more than $50,000 per year at private schools outside the top tier, that’s a sign the school is broke or doesn’t think the kid is that great.

In families with two or more kids, the kids will have to earn more and take out loans, but I think most donut hole families that really care about college figure out a way to make it happen.

One solution: a student can go to cheap state university like South Dakota State, which is probably comparable to UMBC in terms of quality and costs less than $25,000 all in, including the dorms. If the kid can earn and borrow $15,000 per year, the donut hole family probably can pay the rest of the bill simply by sending what it’s already spending on the kid to the university.

Another solution is to look for English-language bachelor’s degree programs in Europe.

UK and Irish schools are expensive for U.S. students, but Belgian schools can be less than $25,000 per year, including the cost of the parents and sibling hanging out in Belgium for a week. The cost could be less than $15,000 per year for careful budgeters.

[/quote]

Interesting angle!

How much does household spending drop when a kid leaves high school?

I figured that the bulk of the expense of a child is the "rent" which becomes dead weight loss when the kid moves out and their old room sits empty.

Alternatively, "college isn't shockingly expensive, because your kid will already be expensive in high school" doesn't make me feel more financially secure!

And college students spend more on cafeteria food than home eaters [/quote]

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