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College and University Discussion
Reply to "$5M for college education"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You should not need $5mil for one person’s education. [/quote] And you don't. K-12 at $50K/year equals $650K. 90K*4 years = $360K Med school or Law school= ~$100K/year, so $300-400K Add in $10-15K for college counselor (you don't need to spend $50K+) Max Total: $1.4-1.5M That is Private all the way from K-Graduating Law/med school. Oh and add in another $50K total for Preschool and maybe $50K for tutoring Either way, you could send 2 kids from birth thru law/med school for the $5M easily [/quote] BTW...put the $5MM into a 10 year treasury earning 4.2% = $210,000 per year of risk-free income. You won't even touch the principal, and in fact have much more than $5MM, even with all the expenses above.[/quote]
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