3 ms·
Are you saying $8k is too little or too much? 18 years of saving $8k a year without any interest is $144,000 which is more than enough to send a kid to a good c
by leftnode 16y ago
Are you saying $8k is too little or too much? 18 years of saving $8k a year without any interest is $144,000 which is more than enough to send a kid to a good college.
- dorianj 16y agoIt's too much if they're going to a public school. And it's more like 22 years, since all of the money isn't needed at the second they turn 18. If you want to give your kids a full ride experience at a private school, of course it's going to be damn expensive, and I think perhaps Retric was implying that it's not worth it?
- leftnode 16y agoYeah it's too much for public school, but you could always use the extra after you graduate as a down payment on a house, money to start a company, or a future retirement fund. If the money isn't being used for anything, saving $8k a year per child is a pretty nice gift to leave college debt free.
- deleted 16y ago[deleted]