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re: How does a family do it financially
Posted on 6/5/22 at 6:33 pm to LSU alum wannabe
Posted on 6/5/22 at 6:33 pm to LSU alum wannabe
quote:
There is no savings plan that can appreciate enough for 4 years of college in 18 years of saving.
A $5k deposit and $1k a year subsequently at 6% return would give you $50k in 18 years. Most everyone making $80k household could easily do that if they prioritized it and that with good grades would easily pay for college
quote:
If it could everyone would be investing there.
Half of people don't even contribute to their own retirement.
2
Posted on 6/5/22 at 6:40 pm to Mingo Was His NameO
quote:
$50k in 18 years.
So with LSU for instance, you’ve covered tuition and I’d say books for 4 years. Now just have to do room and board (or rent), food, etc.
Posted on 6/5/22 at 6:48 pm to Mingo Was His NameO
quote:
$50k in 18 years
That’s what a year. 18 months.
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