Reply to college savings were less than i thought.

Forum Index » Money and Finances

Reply to "college savings were less than i thought. "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You are currently managing to pay $50k/year for each kid for private school from current cash flow? You don't need to save anything for college. Your kids will have plenty of college options at that budget. With the savings you do intend for college you would be able to full pay at any school.

FWIW, we pay about $26k/year for one in-state public U and senior DD has offers with merit aid that put the net prices at a range of $17k/year to $39K. [/quote]

OP here.  We pay $50K for one kid to attend private.  A family member pays for kid #2 (that money won't continue on to college). [/quote]

So you actually have about $500,000 in savings plus cash flow of $50k/year to get 3 kids through college?

I still don’t see the problem- use $250k/ each for the twins and save the $50 in private school tuition for the younger kid. Also try to get merit scholarships.[/quote]

We have savings of $405k plus cash flow of $50K yearly based on current school expenditure plus maybe an additional $50K if we trim down life to survival or "graduate student" level (no extras at all). [/quote]

I’m 14:09 and I think you can do it without trimming except maybe the one year all three are in together. Check my math above.[/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