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Money and Finances
Reply to "Paying for and saving for college - how do UMC people do it?"
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[quote=Anonymous]We are legal immigrants and MD residents. Kids went to public magnet school. At some point we refinanced our home and went from a high interest rate to a low interest rate. We took money out from our home equity and bought the prepaid MD tuition for both kids. Our strategy was - - Public K-12, (lucky to be in magnet track) - Enriching at home (SAHM has two masters), - In-state college - Prepaid tuition (peace of mind) - AP courses for credits (allowed kids to do double majors with no added stress) - Willingness to go the CC route (did not have to do this) - Willingness to live at home and commute to save on room and board (did not have to do this) - NMS scholarship (a generous UMD merit aid of $40K also helped) We were helped along with the financial benefits of being 30 minutes away from college (no cost for travel, groceries, consumer products), [/quote]
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