Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Paying for college $75K"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]With a lifestyle change, not even sure how major, it should not be a problem. Lets assume the all in college costs are 400k. From a cash flow perspective, OP has easy access to 75k in savings, 50k in a 401k loan, and 25k in federal loans, leavings them needing 250k in HELOC and lifestyle changes. Lets assume a 100k HELOC, 10k reduced 401k, and 40k a year in lifestyle changes. Keep those lifestyle changes going for ~10 years (6 years post graduation) and college is paid off. The impact of trying to save an extra 40k a year is like dropping from a 270 HHI to like 200k. OP will notice it, but living on 200k a year is not a hardship.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
