Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
College and University Discussion
Reply to "How does most of America pay for these elite schools?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Kids were 6 years apart. Mom went back to work when the older was in 8th grade. Mom’s wages were intended to cover college. Her wages did not fully cover college. Both attended private colleges in Pennsylvania, ranked in the 30s. Neither received aid. When the first kid applied to college she had 50K in her UGMA. At that point, it covered 1 year. Mostly we pulled from cash flow to cover the four years. At graduation she had $15K in her account. Our household income during that time was $175-$225K. We had a 2-year break between the older one graduating from college and the next one starting. We also funded 2 years of Virginia Pre-Paid for the younger at the same time we were preparing to pay for the older. When the younger was admitted ED we quickly funded one year of Private College 529 (so her 4th year of college was covered). For the second: The two years of VA Prepaid were cashed in and paid to the PA college. We cash-flowed most of the rest. 4th year was covered by Private College 529. By the time the second graduated in 2020, each year was about $72k. Family income had risen to $250-$265k. Neither had a loan. Both are employed. [/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