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][quote=Anonymous][quote=Anonymous]Please don't do that. 3X $75k invested and your child will never have to work again after 35. They'd rather have that and a state school degree than working til retirement.[/quote] A lot of 18 yr olds cannot understand the impact of $150K student loans. I ran the numbers with my DC and showed them how long it would take to repay the $150K assuming a $140k job. They don't understand how taxes work; they see $140K, and think big money, but then you show them how much they will deduct in taxes, and they realize just how much their take home really is. Then you show them the repayment schedule, and how that will impact their ability to save to buy a house. Run the real numbers with your kids.[/quote] I hope you also explained to them that very few college grads are making $140K initially. So show them again with the typical starting salary for someone with their degree [/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
