Reply to As schools near $100K/year when will that affect the pool of students?

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Reply to "As schools near $100K/year when will that affect the pool of students?"

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[quote=Anonymous][quote=Anonymous]The international pool is nearly infinite. But I’m already seeing the true UMC (referred to erroneously as MC on DCUM) increasingly headed to, of course, in state flagships (especially kids aiming for med school) but also international universities (Uk, Canada, Netherlands in particular). If you took $400K and skipped college and invested it for your child at 18, would they ever even need to work? Probably not much. Or they’d at least be set for retirement.[/quote]

Would they ever even need to work?   Apparently you need to go back to HS math.  400K is definately not enough at age 18 to live the rest of your life not working.  However, it is a huge investment for retirement.  But you don't need to skip college.  There are plenty of colleges that are only $100-120 all in for 4 years, maybe less once you can live off campus.  Pick one of those, student works and earns $10-12K/year, student takes the entire 27K of student loans and parents help with the rest, which is $30-50K TOTAL for 4 years.  Hopefully the parents can help with $10-15K/year.  If not, worst case they take PPL of only $30K total.  Much smarter plan.

In reality, you can search merit and find a place that only costs $10-20K/year.  It's possible, just step down a tier from your stats.

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