our baby is 1 right now...just seeing if it is even possible to save that much money
2007-02-12 21:53:02 · 6 answers · asked by Anonymous in Education & Reference ➔ Higher Education (University +)
In 18 years a college education will probably be reach nearly $500,000 and up for a four-year college diploma. Can you save up to it. I would start putting money away now.
Good Luck!!!
2007-02-12 22:03:25 · answer #1 · answered by Anonymous · 0⤊ 1⤋
The idea isn't to save the whole thing. The reason is that the cost may go up in a few years and then what? You have to save more again. I worked for 2 years right out of high school and saved whatever I could then got all the loans i could get. Some loans you have to pay back and other ones you don't. The cost of the degree program varies on the career you want. I've changed careers twice! I got my bachelors for about 11k (5k was free cash) and then went back again years later for my masters (16k).
You should sit down and think about 2 careers that you would want to do. One can serve as the back up idea, make sure they relate to each other somehow. For example, I was a web designer and then became a teacher. I took whatever skills I knew and put them to teaching.
After you sit down, do research on the net on local colleges or trade schools. Private colleges are more expensive in many cases. If you need more help, feel free to contact me.
2007-02-12 22:26:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you're married, you can apply for grants and hopefully get most of your college expenses for free. You'll have to work part time while going to college, but it'll be worth it in the end. Go to some local colleges and head into their financial aid office. They'll have more information for you or at least tell you where to start.
I wish you the best. Been there, done that...just like you. It can work. They'll even give you some extra money to live on while you attend college, but then you'll have to pay that back over about 10 years or so at a low rate.
2007-02-12 22:01:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Start putting a little money into mutual funds every month. Diversify by choosing a few different funds that invest in different sorts of things. Through the magic of compound interest, your child will be able to go to college and eventually retire comfortably.
I think we'll have free college on the Internet in the near future.
2007-02-12 22:06:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
We dont know the future hence to be sure ensure your child for the expenses of his college education to avoid pressure.
2007-02-12 22:01:07 · answer #5 · answered by wilma m 6 · 0⤊ 1⤋
The American economy will prolly have collapsed by then, so it should be quite cheap.
2007-02-12 22:02:28 · answer #6 · answered by zzycatch 3 · 0⤊ 1⤋