Reply to Paying for college $75K

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]27k + 75k is enough for 4 years instate. Any 18-22 y/o can make $3k/year at minimum to pitch in on top of that. Done.[/quote]

Any 18yo can make 8-10K/year in DCUMland or anywhere else that minimum wage is $12/Hr+

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Correct but on DCUM parents usually do not expect their children to contribute to college costs at all. [/quote]

Which is so strange.  I'm not talking working 20+ hours during the school year.  Work 5-10/week during the school year and breaks.  Its entirely possible to earn $10K+ without working more than 40 hours/week on breaks. 
While I don't make my kids work, that's only because we have a fully funded 529 for them to attend an $80K/year+ schools if needed.  If we didn't have that, they would be required to work to help get trhu college without or with minimal loans.

If your kid is 17-18 and you only have $75K total saved for their college there are only a few logical/reasonable choices. 1) you find somewhere with amazing merit and possibly R&B included for your really smart kid and pay next to nothing. 2) you find a school you can afford with only the $75K/4 per year 3) you find a school you can afford with that $75k spread over 4 years plus your kid working on breaks (summer, winter, spring and a PT job while at school of 5-10 hr/week).  4) you start at CC, while the kid works and takes classes and lives at home and then go to a version of #3 when transferring to 4 year to finish.

So if kid wants to attend a School that costs more than ~$20K all in per year, the kid needs to find a job to help.

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