Saving for College?

Clodfobble · 06-23-2005, 09:53 PM

Our plan is all our kids will work their way through college, and get scholarships and use the occasional student loans, just like the two of us did. There's absolutely no reason to pay $30,000 a year at some private school, there are tons of really good state schools out there. We're not saving anything for college.

On the other hand, when the first one turns 18, we'll suddenly have an extra $3,120 each year, and when the second one turns 18, we'll be saving a total of $11,520 a year. The cessation of child support can be their college fund.

06-23-2005, 09:53 PM	#2
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	Our plan is all our kids will work their way through college, and get scholarships and use the occasional student loans, just like the two of us did. There's absolutely no reason to pay $30,000 a year at some private school, there are tons of really good state schools out there. We're not saving anything for college. On the other hand, when the first one turns 18, we'll suddenly have an extra $3,120 each year, and when the second one turns 18, we'll be saving a total of $11,520 a year. The cessation of child support can be their college fund.

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