1 hour ago, toolg said:

I start looking at colleges with my daughter this fall. The tuition is insane.

2 hours ago, Gannan said:

I start looking at colleges with my daughter this fall. The tuition is insane.

Have you tried being less poor?

@vikas83

13 hours ago, ToastJenkins said:

Have you tried being less poor?

@vikas83

I'm sure I left at least a hundred grand in some couch cushions.

3 minutes ago, Gannan said:

I'm sure I left at least a hundred grand in some couch cushions.

We've been saving since both our children have been born. Obviously the goal is to fully pay for their education. Going to try my best to help them understand how lucky they are to start their adult life debt-free.

12 minutes ago, Paul852 said:

We've been saving since both our children have been born. Obviously the goal is to fully pay for their education. Going to try my best to help them understand how lucky they are to start their adult life debt-free.

I don't want them taking out loans either. Thankfully they are both realistic and not wanting to go to a private school with 100k a year rates for a BA.

We did the whole looking at colleges thingy in '19 and the prices were already totally off the charts by then. I'm sure it is worse now.

8 minutes ago, Gannan said:

I don't want them taking out loans either. Thankfully they are both realistic and not wanting to go to a private school with 100k a year rates for a BA.

Yeah, 100k is insane. We're targeting 250k-300k each for them. That "should" reasonably be enough. Anything beyond that and we'll need to have discussions.

5 minutes ago, Paul852 said:

Yeah, 100k is insane. We're targeting 250k-300k each for them. That "should" reasonably be enough. Anything beyond that and we'll need to have discussions.

Even out of state at a state school is going to be 60+ for most of them.

Just now, DrPhilly said:

Even out of state at a state school is going to be 60+ for most of them.

I'm assuming 75k/year.

1 hour ago, Gannan said:

I'm sure I left at least a hundred grand in some couch cushions.

Not like we didnt know this would be the case ages ago. Subsidized demand is the root cause, not the solution

Kid wants to go to law school so ima get it even worse

1 hour ago, DrPhilly said:

Even out of state at a state school is going to be 60+ for most of them.

Wake is 94/yr all in

Just now, ToastJenkins said:

Wake is 94/yr all in

I better increase my savings rate then

2 minutes ago, Paul852 said:

I better increase my savings rate then

You mean your wife’s

Just now, ToastJenkins said:

You mean your wife’s

You got the wrong guy. I still work.

9 minutes ago, ToastJenkins said:

Wake is 94/yr all in

Yeah, we looked at Wake as well. My alma mater William&Mary is technically a state school and out of state is now about $76k a year. I think even Penn State is up to $60k out of state.

13 minutes ago, ToastJenkins said:

Not like we didnt know this would be the case ages ago. Subsidized demand is the root cause, not the solution

Kid wants to go to law school so ima get it even worse

Yeah law school can be rough. Going to a top law school and finishing at the top of one's class is key.

1 minute ago, DrPhilly said:

Yeah, we looked at Wake as well. My alma mater William&Mary is technically a state school and out of state is now about $76k a year. I think even Penn State is up to $60k out of state.

Penn State is one of the leading contenders right now. We are in state and it's a great school with a great alumni network. I'm trying not to push her but I have expressed all of the positives and she's very interested. She's an honor roll student at a really good private school, so I think she has a solid shot at a scholarship. I worked at PSU for 8 years and I think she has a solid shot at at least a partial scholarship. This is all happening so fast. :sigh:

7 minutes ago, Gannan said:

Penn State is one of the leading contenders right now. We are in state and it's a great school with a great alumni network. I'm trying not to push her but I have expressed all of the positives and she's very interested. She's an honor roll student at a really good private school, so I think she has a solid shot at a scholarship. I worked at PSU for 8 years and I think she has a solid shot at at least a partial scholarship. This is all happening so fast. :sigh:

That is an excellent choice given the value you get. My nieces and nephews all go or went there and they loved it. State College is a great college town as well.

22 hours ago, toolg said:

Everyone should fight tooth and nail against "free college”. You think the price of college is bad now? What do you think will happen when you COMPLETELY remove the last small remaining incentives for colleges to keep costs down.

Starting off workers with enormous debt is the greatest invention the federal government came up with. The price of college was reasonable before the government decided to step in and make it more "affordable” by guaranteeing loans

2 hours ago, Paul852 said:

You got the wrong guy. I still work.

I dont work no warehouse job, man

18 hours ago, ToastJenkins said:

Have you tried being less poor?

@vikas83

It's not for everyone...

Have you guys set up 529s? I'm hoping that eases the pain a bit when the time comes but still I'm sure it's gonna suck to get em through it loan free.

2 hours ago, DEagle7 said:

Have you guys set up 529s? I'm hoping that eases the pain a bit when the time comes but still I'm sure it's gonna suck to get em through it loan free.

Yep. Have had one for each since they were born and currently running a 30% return with an "age-based" investment profile. Fully recommneded.