Reply to Is there a calculator or benchmark for how much college we can afford?

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Reply to "Is there a calculator or benchmark for how much college we can afford?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Colleges and universities count on us to pay for the people who can't afford college.  So they don't give any breaks and have an unrealistic idea of what people can afford -- we have two in college next year and we are not getting any breaks for this, they are still expecting us to pay full load even though we will have two in college.  Yeah, no problem, even in-state that's going to come out to about $40-50K for one year.

It's back breaking.[/quote]
Something’s got to give.  It doesn’t seem sustainable.  It’s crazy that the expectation is to save 100-200k per kid to go to school.  Not even fancy schools.  The middle class is getting royally screwed. [/quote]

If you are lower class (50k/year salary, no assets), college is basically free. And if you are loaded, the price of tuition is basically meaningless. My household income is 80k/yr and have one rental property. My EFC is 50k!

If you were to invest the 200k in the stock market when your kid turns 18, you would have approximately 800k when kiddo is 32. If they major in engineering, maybe college makes sense. But if they are just going through the motions and major in some type of liberal arts BS, definitely a waste of money.

4X your money in 14 years?  What stock are you investing in?

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