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College and University Discussion
Reply to "Is the actual cost of having a kid in college what you expected ? "
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[quote=Anonymous]One thing to consider is how much do you pay for your kid's food/misc/clothing/social/sports in high school? -our food budget for the family went way down after kids went to college (private HS lunch fees were high, they eat more snacks and bigger meals than we do): SAVED over $5000 per year -we bought them clothes every year and continue to do the same in college: NEUTRAL -misc toiletries, Rx, etc: NEUTRAL -social :we gave them $ for fun in HS and give a little more in college not a lot, and they have a campus job if they want to spend more than that : COST $2000 more per yr at college but we have friends that have kid pay for all of it -EC/SPORTS fees: club fees are a couple hundred here and there, even greek is reasonable at their T10/ivy: SAVED $6000 per year compared to HS fees Overall we save about 9k annually compared to HS, then spent 89-91k all in each year so far on Tuition/Room/Board/fees. Net 80-82k. For 4 yrs the net will be around 330k. We did the math early talking to family who had been through it recently, went in comfortable with full pay, their school is incredible with opportunity and worth every cent. [/quote]
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