Reply to Is It Really Gonna Cost $280K? OMG

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]DD got in to Northwestern and she is over the moon.

If we continue to save $1K a month, we should only be $35K short for the 4 years of tuition.

Still it's SO MUCH $! Am I the only one that feels this way?  My DD has brought it up more than once to me.  I tend to be okay about money issues.  Just want to make sure I am not missing anything.

TIA[/b] [/quote]

Dear OP - I think the costs are going to be higher than you may think based upon your post.  [b]Costs of attendance at NW (I have no affiliation or position on Northwestern) are now $76,000 a year,[/b] as is common among many of the private colleges and universities. [/quote]

No, it's not $76K before incidentals. It's no bargain but let's not keep inflating the number. I do have a freshman at NU (never NW, by the way) and I just got done paying her bill for the Winter quarter so I can tell you what it costs down to the penny. The quarterly breakdown: tuition $18,040;[b] room (double) $2,974; meal plan $2,176[/b] = $23,190 x 3 (quarters) = $69,570. Add in a few hundred per quarter for books etc, plus relatively cheap airfare to Chicago several times a year, plus a budget for other random stuff, and the total package price should be somewhere around $72K. So, again, not arguing that it's a bargain, but just giving the real numbers for the sake of accuracy. Also, on-campus jobs are plentiful and DD got one at the student center for around 10 hours a week that covers her incidentals.[/quote]

Room & Board is one area where you can often shave the costs a bit as you become an upper classmen and move off-campus. Certainly not everywhere for housing, of course. It obviously depends on the market. If you're at NYU or GWU, you're probably not going to find better at an off-campus apartment. But in many college towns you can save a lot. That was our experience with one kid in Gainesville, FL, and a niece in Madison, WI. I don't know what the housing costs are like in Evanston, probably relatively high I would guess. But as for meals, any kid with some modest cooking skills can save a fortune off the meal plan, and eat more healthily too. [/quote]

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