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Re: Saving for kids college...
[Re: BOBO the Clown]
#7916195
07/28/20 05:44 PM
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Joined: Aug 2009
Posts: 22,716
BigPig
THF Celebrity
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THF Celebrity
Joined: Aug 2009
Posts: 22,716 |
Do any of you who send your children to private school plan to not pay for college? I don’t currently out side of pre-k. I do pay for extra programs like Gideon I’d pay for private school, extra tutoring etc, if it was warranted. Meaning if I had a school district I didn’t think was a stellar learning environment. I think k-12 is more important then college, it’s a foundation for either success or excuses/projections. 100%.
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Re: Saving for kids college...
[Re: bill oxner]
#7916507
07/28/20 10:33 PM
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Joined: Jan 2012
Posts: 29,130
TXHOGSLAYER
THF Celebrity
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THF Celebrity
Joined: Jan 2012
Posts: 29,130 |
Do any of you who send your children to private school plan to not pay for college? Katy schools cost more than private and are a year ahead.
LETS GO BRANDON
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Re: Saving for kids college...
[Re: BearkatHunter2011]
#7916518
07/28/20 10:40 PM
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Joined: Aug 2008
Posts: 14,950
don k
THF Celebrity
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THF Celebrity
Joined: Aug 2008
Posts: 14,950 |
A person has children. Help them all you can.
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Re: Saving for kids college...
[Re: don k]
#7916523
07/28/20 10:49 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
A person has children. Help them all you can. Nailed it. Luckiest man in the world.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Saving for kids college...
[Re: BigPig]
#7916987
07/29/20 11:35 AM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
How many of you are saving?
How much are you saving per kid per month?
I saw a calculator that estimates a state college in Texas costs about $40K a year for tuition and books in 2032.
I had a little help with college ($5K) which helped me get started the first year when I went. Just hoping I can give my kids a little better leg up in life.
We started an investment account with $25k and pay in about $200 a month and then some with taxes. When he goes to college around 2037 it’s expected to be around $240-$280k for a bachelors degree. We should have about $180-$200k in there by then. That should be more than enough.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Saving for kids college...
[Re: BearkatHunter2011]
#7917259
07/29/20 04:14 PM
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Joined: Aug 2005
Posts: 17,117
MikeC
THF Celebrity
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THF Celebrity
Joined: Aug 2005
Posts: 17,117 |
We just paid as they went. The two years when both of our sons were in college at the same time wasn't cheap!
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Re: Saving for kids college...
[Re: BearkatHunter2011]
#7917268
07/29/20 04:25 PM
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Joined: Aug 2016
Posts: 8,317
Herbie Hancock
THF Trophy Hunter
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Joined: Aug 2016
Posts: 8,317 |
My wifes nephew is starting Texas State this fall, he already has his associates degree, they told him it will still take 3 years of schooling and estimated cost of $75,000 all in. Apparently he still has to take to "core" classes even though he technically has them done.
It takes beer to make thirst worthwhile - J. Fred Schmidt
The internet is an I.Q. Test, people post their scores in the comment section.
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Re: Saving for kids college...
[Re: BearkatHunter2011]
#7917333
07/29/20 05:15 PM
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Joined: Aug 2010
Posts: 1,804
mohunter
Pro Tracker
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Pro Tracker
Joined: Aug 2010
Posts: 1,804 |
Well, that just piss poor planning. Both my daughters went Texas A&M College Station, straight from HS with about 10-12 college credits that would transfer from AP classes and will be done with their Bachelors degree in 3 and a half years. Took the first daughter 3.5 to graduate. Second one is there now and will be done 3.5 for sure and maybe only 3 years, she just completed her first full year this spring.
Cost for most state schools are about the same roughly, tuition and fees cost me around 10-12,000 per year, first daughter was a little over $10,000 second daughter is closer to $12,000. Figure apartment, housing, and food this should be more accurate cost.
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Re: Saving for kids college...
[Re: mohunter]
#7917360
07/29/20 05:40 PM
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Joined: Aug 2005
Posts: 31,948
txtrophy85
THF Celebrity
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Joined: Aug 2005
Posts: 31,948 |
Well, that just piss poor planning. Both my daughters went Texas A&M College Station, straight from HS with about 10-12 college credits that would transfer from AP classes and will be done with their Bachelors degree in 3 and a half years. Took the first daughter 3.5 to graduate. Second one is there now and will be done 3.5 for sure and maybe only 3 years, she just completed her first full year this spring.
Cost for most state schools are about the same roughly, tuition and fees cost me around 10-12,000 per year, first daughter was a little over $10,000 second daughter is closer to $12,000. Figure apartment, housing, and food this should be more accurate cost.
This is what we are being told as well. If either of my boys can't make $10k/year during college then they have no business being there in the first place. They can play beer pong, hang out at the pool, chase coeds and screw off AFTER the bills are paid, just like I had to do when I was in my 20's. I had a hell of a lot of fun in my early 20's ( really my entire 20's ) but work/business always came first. I'll be a lot more lenient with the baby girl, but at 6 years old she already shows much more work ethic than her brothers so i probably won't have to worry
For it is not the quarry that we truly seek, but the adventure.
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Re: Saving for kids college...
[Re: BearkatHunter2011]
#7917363
07/29/20 05:42 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
I went to college without a car. Don't see much of that anymore.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Saving for kids college...
[Re: BearkatHunter2011]
#7917503
07/29/20 07:54 PM
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Joined: Dec 2010
Posts: 235
Texpolo1106
Woodsman
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Woodsman
Joined: Dec 2010
Posts: 235 |
We plan on using our rental properties to help cover any college costs that come up. Our first three properties will have over 18 years of equity when/ if our daughter goes to college. At that point we could either use the cash-flow from those (or any other properties we purchase between now and then), do a cash out re-fi or just sell the properties if we needed a larger lump sum of cash.
So I guess we aren't really saving, just buying assets that will pay for the college.
Last edited by Texpolo1106; 07/29/20 07:56 PM.
Realtor at The Chinworth Real Estate Group Keller Williams Brazos West 817-223-8456 Lic# 0765947
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Re: Saving for kids college...
[Re: Texpolo1106]
#7917874
07/30/20 01:10 AM
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Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
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Joined: Dec 2010
Posts: 8,841 |
We plan on using our rental properties to help cover any college costs that come up. Our first three properties will have over 18 years of equity when/ if our daughter goes to college. At that point we could either use the cash-flow from those (or any other properties we purchase between now and then), do a cash out re-fi or just sell the properties if we needed a larger lump sum of cash.
So I guess we aren't really saving, just buying assets that will pay for the college. Smart man. Cash flowing property is the gift that keeps on giving.
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