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Reply to "Paying for and saving for college - how do UMC people do it?"
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[quote=Anonymous][quote=Anonymous]I posted on here once that my child was living at home and commuting and was slammed by multiple posters.[/quote] Ignore those people. Your kid will thank you later when they exit college with minimal loans. Keep your eye on the ultimate goal, which is to get an education. That is what your child achieved/will achieve, with out major debt. That is a huge gift for your kid. R&B is over $15K/year typically. It doesn't cost you any more to have them living at home and eating at home than when they were in HS. Food costs are minimal (and kid can pack food if they truly need to/can't afford to eat lunch on campus). Only real cost is gas and a car/car insurance/parking permit---much better to invest the first year R&B cost into a good vehicle ($15 K will get a good used vehicle), and they kid will have this car to use when they graduate. [/quote]
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