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Reply to "Savings - screened porch v college?"
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[quote=Anonymous]Without knowing how much of your mortgage payment is property tax and insurance, I can’t say exactly, but seems to me you will have some thing around $45,000 a year for college tuition. Assuming your children are three grades apart, they will overlap one year each. so if you choose a college that costs less than $45,000 per year and have them take out one year of student loans to pay for the overlap year then you can cover 75% of their tuition bill with your current mortgage payment. If that sounds acceptable to everyone, then that is one approach. Personally I think I might try to get a side job to pay for a screened in porch. Three kids is no joke.[/quote]
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