Reply to Advice re underfunded college savings & well funded retirement

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[quote=Anonymous][quote=Anonymous]OP, what if your kid had a part time job that paid:

$6250 for tuition each year of college

an additional 40% of the tuition paid of what is left over from the $6250 if you worked a little longer ( see below).  40% of the in state amount.

$721 per month tax free during school months all up $6400 per year

Another $140 per month net for worked hours (16) on a set weekend once per month

A $20,000 bonus paid partially at year 2 and balance at year 5

And approx 14K of wages paid for what amounts to training to learn to do the job performed one weekend per month,  ( this part of the commit can be as short as 4 months but choosing a time slot closer to 8 months nets the 40% off tuition mentioned above.
The training to do the job could be for work in computers, cyber, medical other useful fields complimentary to career goals.

A security clearance also is included.

All up this is close to 110K- 120K in college money and wages spread out over 6 years,  pretty nice pay for part time work wouldn't you say?  And by part time I mean 16 hours a month, after job training is complete ( job training varies but no more than 8 months)

This is the current offer from The Virginia Air Guard and some of the $$ I included above is from the GI Bill and the Post 9/11 GI Bill which could be attained with a 90 day temp duty assignment.  All up its 6 years of 1  weekend a month after the initial training.  [/quote]

OP back. Thanks to all who have contributed helpful, actionable suggestions. PP, our eldest was looking at the Air Force academy and already has some related experience, but DC stopped pursuing  it because the recruiters told him he could not be on stimulant medication for ADHD and commit to fly in the Air Force. Do you know if this same rule would apply to the Air Guard? Thank you for any insight you can provide.

To others wondering about the numbers not adding up, we have been tapping into our savings and also refinanced to take out $$$$$ to deal with medical and unemployment issues and rebuild our six-month emergency fund. Thanks for your attention to this. Disabled spouse was working and making a lot of $$$$$$ until about ten years ago. [/quote]

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