Reply to Help me calculate college costs please...

Forum Index » Money and Finances

Reply to "Help me calculate college costs please..."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why wouldn't you encourage your kids to get scholarships and financial aid? Unless you are RICH, you won't be able to afford it.[/quote]

It's not that easy. My parents earned about $50k/year combined when I went to college. They had car loans, credit card debt and zero savings. You know what I qualified for in aid? Subsidized loans. No grants or scholarships. And I had 4.0 and a 1500 SAT.

I hate when people say this. It's not that easy, unless you play sports of course.[/quote]

I attended a private university my freshman year. I got $8k in an academic scholarship. It brought my tuition to $28k. I took a subsidized loan, my dad paid the rest of that year and told me there was only a set amount of money for my college and beyond that I would have to figure it out. I transferred out for the rest of my degree to a state school. Tuition was $16k. I took loans and worked full time. All together, my parents were able to contribute $40k and I took care of the rest. I paid my loans off in 4 years before starting grad school. Having your child take on some of the financial burden of their education will not ruin their futures. Don't stress if you can't put away the full amount. [/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