Comments on: My Kid’s College Costs will be $467,000! Are You Kidding Me? http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/ Personal Finance. Investing. Wealth Building. Tue, 09 Mar 2010 23:43:21 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ninette http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/comment-page-1/#comment-22371 Ninette Mon, 13 Jul 2009 18:11:08 +0000 http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/#comment-22371 Hello... Here is an option that is available in my school district (a District in Washington State) that may or may no be in your area. We have a program called Running Start where a student, once he/she enters their junior year in high school, attends half day at the high school and half day at our local community college. This program is great for kids who aren't involved in sports etc... Anyway, the result is that there are several of our students in our district that receive their AA at the same time they graduate from high school. And, the cost is on the district!! The obvious benefit is that the student enters into a 4 year program with junior status! Check it out in your area! Hello… Here is an option that is available in my school district (a District in Washington State) that may or may no be in your area. We have a program called Running Start where a student, once he/she enters their junior year in high school, attends half day at the high school and half day at our local community college. This program is great for kids who aren’t involved in sports etc… Anyway, the result is that there are several of our students in our district that receive their AA at the same time they graduate from high school. And, the cost is on the district!! The obvious benefit is that the student enters into a 4 year program with junior status! Check it out in your area!

]]> By: Pinyo http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/comment-page-1/#comment-13000 Pinyo Thu, 03 Jul 2008 11:58:44 +0000 http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/#comment-13000 @BLC - I wrote and article with <a href="http://www.moolanomy.com/178/7-ways-to-get-a-college-degree-for-less/">ideas on how to spend less on college</a>, but I have never thought about education outside of the U.S. -- that's a great idea to pursue. @BLC – I wrote and article with ideas on how to spend less on college, but I have never thought about education outside of the U.S. — that’s a great idea to pursue.

]]> By: BLC http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/comment-page-1/#comment-12808 BLC Tue, 01 Jul 2008 05:07:16 +0000 http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/#comment-12808 We are doing what TBH (post Sept. 2007), did; offering to give our now 19-year-old 2 years at community and 2 years at the local public 4 year, so she can live at home without room and board costs, etc. If she wants something with a fancier ribbon, then that's on her. If she just wants to move out on her own, she can get a part time job and do so, and we'll continue to cover her education costs. Have you ever thought about looking outside the box (of the United States) for post secondary opportunities? See http://www.nyu.edu/classes/jepsen/cnn2007-05-11.pdf; interesting article. Someone in the high school counselor's office indicated that college costs had gone up 10 times in the last 20 or 30 years in the US. Wow. We are doing what TBH (post Sept. 2007), did; offering to give our now 19-year-old 2 years at community and 2 years at the local public 4 year, so she can live at home without room and board costs, etc. If she wants something with a fancier ribbon, then that’s on her. If she just wants to move out on her own, she can get a part time job and do so, and we’ll continue to cover her education costs.

Have you ever thought about looking outside the box (of the United States) for post secondary opportunities? See http://www.nyu.edu/classes/jep.....-05-11.pdf; interesting article.

Someone in the high school counselor’s office indicated that college costs had gone up 10 times in the last 20 or 30 years in the US. Wow.

]]> By: Pinyo http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/comment-page-1/#comment-7252 Pinyo Thu, 03 Apr 2008 02:24:25 +0000 http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/#comment-7252 @Elisabeth -- Good point. I didn't factor it in because I was going for theatrical. :-) @Elisabeth — Good point. I didn’t factor it in because I was going for theatrical. :-)

]]> By: Elisabeth http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/comment-page-1/#comment-7184 Elisabeth Wed, 02 Apr 2008 18:17:59 +0000 http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/#comment-7184 Don't rule out private colleges entirely - I got a great financial aid package from a private school and it cancelled out the price differential. Don’t rule out private colleges entirely – I got a great financial aid package from a private school and it cancelled out the price differential.

]]> By: Pinyo http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/comment-page-1/#comment-5520 Pinyo Fri, 01 Feb 2008 19:05:55 +0000 http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/#comment-5520 @Make Friend - When I wrote this post, I read a few articles, and also saw 7% as the default on many calculators. @Make Friend – When I wrote this post, I read a few articles, and also saw 7% as the default on many calculators.

]]> By: Make Friends, Earn Money http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/comment-page-1/#comment-5517 Make Friends, Earn Money Fri, 01 Feb 2008 18:49:53 +0000 http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/#comment-5517 Hi Pinyo, just wondered how you came up with the 7% expected annual cost figure? Is this from some research or just an estimate of a worst case projection? I agree though it's a scary thought about the costs! Hi Pinyo, just wondered how you came up with the 7% expected annual cost figure? Is this from some research or just an estimate of a worst case projection? I agree though it’s a scary thought about the costs!

]]> By: Pinyo http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/comment-page-1/#comment-621 Pinyo Sun, 16 Sep 2007 16:05:33 +0000 http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/#comment-621 @TBH - thank you for your contribution. I really like your insight about saving enough for good public education and give your child the choice and responsibility if he wants to go to a more expensive private school. Lastly, welcome to Moolanomy and thank you for the link. @TBH – thank you for your contribution. I really like your insight about saving enough for good public education and give your child the choice and responsibility if he wants to go to a more expensive private school.

Lastly, welcome to Moolanomy and thank you for the link.

]]> By: TBH http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/comment-page-1/#comment-620 TBH Sun, 16 Sep 2007 15:12:37 +0000 http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/#comment-620 This is a scary number. My kid is due to enter college in 2021. Oddly, I felt much more panicked about college savings when he was a baby than I do now that he's almost 4. I think what changed is that it became clear that the grandparents would make a small contribution each year for his birthday, and also I decided that I don't have to be prepared to pay for his entire education. My plan is to tell him I can pay for all of a public school education. If he wants to go to a private school for some reason, I will encourage him, but he'll have to take out loans for part of it. I want to help him keep his loans to a minimum, but I think it's actually a good thing to put some of the responsibility on him so that he values his education more, etc. There's a good thread about this over at savingadvice.com: <a href="http://www.savingadvice.com/forums/general-discussion/30453-have-you-started-college-fund-your-child-children.html">Have you started a college fund</a> This is a scary number. My kid is due to enter college in 2021. Oddly, I felt much more panicked about college savings when he was a baby than I do now that he’s almost 4. I think what changed is that it became clear that the grandparents would make a small contribution each year for his birthday, and also I decided that I don’t have to be prepared to pay for his entire education. My plan is to tell him I can pay for all of a public school education. If he wants to go to a private school for some reason, I will encourage him, but he’ll have to take out loans for part of it. I want to help him keep his loans to a minimum, but I think it’s actually a good thing to put some of the responsibility on him so that he values his education more, etc.

There’s a good thread about this over at savingadvice.com:
Have you started a college fund

]]> By: Pinyo http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/comment-page-1/#comment-168 Pinyo Wed, 15 Aug 2007 02:39:54 +0000 http://www.moolanomy.com/69/my-kids-college-costs-will-be-467000-are-you-kidding-me/#comment-168 Erin - welcome to Moolanomy. Well, $467k is worst case scenario. If I have 3 kids, I would definitely consider good a city or state university in my area to cut down on tuition and boarding expenses. If they insist on Ivy League, I will most likely tell them that they can transfer after their Sophmore year if they qualify. Erin – welcome to Moolanomy.

Well, $467k is worst case scenario. If I have 3 kids, I would definitely consider good a city or state university in my area to cut down on tuition and boarding expenses. If they insist on Ivy League, I will most likely tell them that they can transfer after their Sophmore year if they qualify.

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