Reply to Sister's husband has $0 in college fund for my nephews

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP cites a 50% dropout rate at VCU - I'm betting that a good part of that is issues with finances.[/quote]

That's what you hear, but it's really because we let in far too many that are too far behind, too immature, and have no study skills. They require two years of remedial courses and even then very few ever really catch up. I've witnessed hundreds of low-income kids with [b]full rides[/b] fail out before freshman year is over.

[b]In 2013, 77% of adults from families in the top income quartile earned at least bachelor’s degrees by the time they turned 24 ... but 9% of people from the lowest income bracket did the same in 2013.[/b]

[b]Less than one in five college students from the lowest income bracket completed a bachelor’s degree by age 24 in 2013. Among students from top-earning families, meanwhile, 99% of students who enrolled completed their degrees.[/b][/quote]

Op estimated the family's hhi at about 130k.  Pretty sure that puts them in the top quarter. [/quote]

according to CBO, anything above $88k in 2013 (market income,pre-tax and before gov transfers) would put them in the fourth highest quintile.  The lowest quintile has an income of $15,800 before government transfer.  It looks like these college completion stats (wherever they come from) seem to lend more support to the thought that OP's nephews should have fairly good odds of completing a four year degree.

https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/51361-HouseholdIncomeFedTaxes_OneCol.pdf[/quote]

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