Jenny in GA Posted August 21, 2012 Share Posted August 21, 2012 My husband just started using Mint.com to get our finances in order, and did some of savings projection to figure out how much to save for our kids to go to college. The numbers told him that, for an in-state public college, it would cost our oldest child over $80,000 for college, our middle child $90,000, and our youngest over $100,000. (They are 11, 9, and 6.) Umm .... so it would cost close to $270,000 for our children to attend the cheapest college possible???? He wrote an e-mail to his parents (and CC'ed to me) titled, "Not possible for our children to attend college" to see if they had any advice. They basically said, "Well, they'll probably get scholarships, and they can get a job. We didn't think we could do it, but we managed to save what you needed. Lots of people attend college without their parents' money." They also pointed out that truck drivers make good money without college. (They also said we should quit homeschooling and I should work FT, but we won't go there ...) Uh .... we're talking over $250,000. It would be absolutely impossible for us to save even half that -- even a quarter of that -- in a few years. Maybe we could save, like $20,000 total, if we're lucky. What job could an 18 year old get that would pay $70,000???? Or is the only solution to have them go $70,000 in debt when they're 22???? My husband, in particular, in very depressed and panicked about this. He feels that our children have no future. Could someone help me out here? Is it really this bleak? Are the only options for the non-super-wealthy to get huge loans or skip college and become a truck driver?? Quote Link to comment Share on other sites More sharing options...
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