-- Posted by swtpie at 2:31 pm on May 21, 2008 I'm thinking to the future, and always said I would put money away for my kids for school. Per kid I was thinking of putting $100 away per month. That comes up to about $21,600, not including interest. (Which could bring it up to about $40,000) Well, what do you think is good amount for school? Whatever is left over I'd encourage them to buy a car, or put it on a down payment for a house. (Or to stay in savings.) BTW, I wouldn't tell my kids until right before they think about applied for OSAP. I would want them to grow up and work for what they want, I wouldn't want them to expect everything. That would be suck a shock to them. -- Posted by Christian Slayar at 2:31 pm on May 21, 2008 the higher the better -- Posted by kill the bitch at 2:32 pm on May 21, 2008 40,000 + no doubt -- Posted by Bougar at 2:32 pm on May 21, 2008 That's pretty cool. -- Posted by Ancient Rights at 2:32 pm on May 21, 2008 College is just getting more and more expensive. Tuck away as much as you can for them. -- Posted by Frenchie3477 at 2:39 pm on May 21, 2008 Quote: from Christian Slayar at 2:31 pm on May 21, 2008 the higher the better agreed -- Posted by PreppyPeyton at 2:45 pm on May 21, 2008 Last one -- Posted by PimpMyHoes at 3:48 pm on May 21, 2008 uh my college expenses are going over 200,000, so way more than 40 thou -- Posted by swtpie at 3:51 pm on May 21, 2008 Quote: from PimpMyHoes at 3:48 pm on May 21, 2008 uh my college expenses are going over 200,000, so way more than 40 thou Woo...what are you studying? -- Posted by PimpMyHoes at 3:52 pm on May 21, 2008 Quote: from swtpie at 3:51 pm on May 21, 2008 Quote: from PimpMyHoes at 3:48 pm on May 21, 2008 uh my college expenses are going over 200,000, so way more than 40 thou   Woo...what are you studying? um economics and political science. thats just undergrad tho, who knows what its gonna cost if i go to grad school -- Posted by swtpie at 3:53 pm on May 21, 2008 Quote: from PimpMyHoes at 3:52 pm on May 21, 2008 Quote: from swtpie at 3:51 pm on May 21, 2008 Quote: from PimpMyHoes at 3:48 pm on May 21, 2008 uh my college expenses are going over 200,000, so way more than 40 thou      Woo...what are you studying? um economics and political science. thats just undergrad tho, who knows what its gonna cost if i go to grad school Wow, good for you! -- Posted by ladyface at 8:18 pm on May 21, 2008 Quote: from PimpMyHoes at 3:52 pm on May 21, 2008 Quote: from swtpie at 3:51 pm on May 21, 2008 Quote: from PimpMyHoes at 3:48 pm on May 21, 2008 uh my college expenses are going over 200,000, so way more than 40 thou        Woo...what are you studying? um economics and political science. thats just undergrad tho, who knows what its gonna cost if i go to grad school you picked the wrong damn school. If your kids get grants and such, 40grand would be more than enough.  However, by having so much in savings for them, you screw up their chances for getting government grant money. Without grants, it all depends on what school they go to. The first college I went to was about  6,000 a year.  Quite cheap and a decent college.   The second college I went to was about 18,000 a year the school im in now is also about 18-19,000a year. I should have just stayed at the first school and saved money.  I'd be in a MUCH better position than I am now (both financially and educationally).  People need to realize that more expensive often does NOT mean better. -- Posted by PimpMyHoes at 11:46 am on May 22, 2008 Quote: from ladyface at 8:18 pm on May 21, 2008 Quote: from PimpMyHoes at 3:52 pm on May 21, 2008 Quote: from swtpie at 3:51 pm on May 21, 2008 Quote: from PimpMyHoes at 3:48 pm on May 21, 2008 uh my college expenses are going over 200,000, so way more than 40 thou     Woo...what are you studying? um economics and political science. thats just undergrad tho, who knows what its gonna cost if i go to grad school you picked the wrong damn school.   If your kids get grants and such, 40grand would be more than enough. However, by having so much in savings for them, you screw up their chances for getting government grant money.   Without grants, it all depends on what school they go to. The first college I went to was about 6,000 a year. Quite cheap and a decent college. The second college I went to was about 18,000 a year the school im in now is also about 18-19,000a year.   I should have just stayed at the first school and saved money. I'd be in a MUCH better position than I am now (both financially and educationally). People need to realize that more expensive often does NOT mean better. no, i picked an excellent school, thanks -- Posted by NushikuroNishiama at 12:35 pm on May 22, 2008 40,000 + -- Posted by ladyface at 8:45 pm on May 22, 2008 Quote: from PimpMyHoes at 11:46 am on May 22, 2008 Quote: from ladyface at 8:18 pm on May 21, 2008 Quote: from PimpMyHoes at 3:52 pm on May 21, 2008 Quote: from swtpie at 3:51 pm on May 21, 2008 Quote: from PimpMyHoes at 3:48 pm on May 21, 2008 uh my college expenses are going over 200,000, so way more than 40 thou                Woo...what are you studying? um economics and political science. thats just undergrad tho, who knows what its gonna cost if i go to grad school    you picked the wrong damn school.        If your kids get grants and such, 40grand would be more than enough.  However, by having so much in savings for them, you screw up their chances for getting government grant money.    Without grants, it all depends on what school they go to.    The first college I went to was about  6,000 a year.  Quite cheap and a decent college.      The second college I went to was about 18,000 a year    the school im in now is also about 18-19,000a year.        I should have just stayed at the first school and saved money.  I'd be in a MUCH better position than I am now (both financially and educationally).  People need to realize that more expensive often does NOT mean better. no, i picked an excellent school, thanks i doubt it's worth the money.  often times cheaper schools end up being better than expensive ones. -- Posted by PimpMyHoes at 8:50 pm on May 22, 2008 Quote: from ladyface at 8:45 pm on May 22, 2008 Quote: from PimpMyHoes at 11:46 am on May 22, 2008 Quote: from ladyface at 8:18 pm on May 21, 2008 Quote: from PimpMyHoes at 3:52 pm on May 21, 2008 Quote: from swtpie at 3:51 pm on May 21, 2008 Quote: from PimpMyHoes at 3:48 pm on May 21, 2008 uh my college expenses are going over 200,000, so way more than 40 thou     Woo...what are you studying? um economics and political science. thats just undergrad tho, who knows what its gonna cost if i go to grad school   you picked the wrong damn school.     If your kids get grants and such, 40grand would be more than enough. However, by having so much in savings for them, you screw up their chances for getting government grant money.     Without grants, it all depends on what school they go to.   The first college I went to was about 6,000 a year. Quite cheap and a decent college.   The second college I went to was about 18,000 a year   the school im in now is also about 18-19,000a year.     I should have just stayed at the first school and saved money. I'd be in a MUCH better position than I am now (both financially and educationally). People need to realize that more expensive often does NOT mean better. no, i picked an excellent school, thanks   i doubt it's worth the money. often times cheaper schools end up being better than expensive ones. i usually find people that say that are just bitter that they couldnt get into a good school. -- Posted by ladyface at 11:53 am on May 23, 2008 Quote: from PimpMyHoes at 8:50 pm on May 22, 2008 Quote: from ladyface at 8:45 pm on May 22, 2008      i doubt it's worth the money.  often times cheaper schools end up being better than expensive ones. i usually find people that say that are just bitter that they couldnt get into a good school. Baha, well that's not the case with me.  I simply dont have my naive little head up my ass. But, your decision, your money, so I dont really care. -- Posted by PimpMyHoes at 11:56 am on May 23, 2008 Quote: from ladyface at 11:53 am on May 23, 2008 Quote: from PimpMyHoes at 8:50 pm on May 22, 2008 Quote: from ladyface at 8:45 pm on May 22, 2008 i doubt it's worth the money. often times cheaper schools end up being better than expensive ones. i usually find people that say that are just bitter that they couldnt get into a good school.   Baha, well that's not the case with me. I simply dont have my naive little head up my ass. But, your decision, your money, so I dont really care. you apparently do care, youve been following me around on here for quite some time just to make snarky comments. -- Posted by ladyface at 12:06 pm on May 23, 2008 dont flatter yourself.  I do not follow members around to make snarky comments.  You just happened to have posted in this topic, and I just happened to have a reply to what you had said. That's it. -- Posted by PimpMyHoes at 12:13 pm on May 23, 2008 Quote: from ladyface at 12:06 pm on May 23, 2008 dont flatter yourself. I do not follow members around to make snarky comments. You just happened to have posted in this topic, and I just happened to have a reply to what you had said.   That's it. riiight. this has happened several times now. and fortunately for me, i can afford a good school. yay for the well paying jobs that come with going to prestigious schools -- Posted by ladyface at 12:20 pm on May 23, 2008 Quote: from PimpMyHoes at 12:13 pm on May 23, 2008 Quote: from ladyface at 12:06 pm on May 23, 2008 dont flatter yourself.  I do not follow members around to make snarky comments.  You just happened to have posted in this topic, and I just happened to have a reply to what you had said.    That's it. riiight. this has happened several times now. and fortunately for me, i can afford a good school. yay for the well paying jobs that come with going to prestigious schools If you remember me replying to you in other threads, you take this shit way too seriously because I dont even remember saying anything to you previous to this thread.  It really isnt a big deal, so get over it. like i said, your decision, your money, so i dont care. Now let's see how good your comprehension skills are. /laugh -- Posted by PimpMyHoes at 12:21 pm on May 23, 2008 Quote: from ladyface at 12:20 pm on May 23, 2008 Quote: from PimpMyHoes at 12:13 pm on May 23, 2008 Quote: from ladyface at 12:06 pm on May 23, 2008 dont flatter yourself. I do not follow members around to make snarky comments. You just happened to have posted in this topic, and I just happened to have a reply to what you had said.     That's it. riiight. this has happened several times now.    and fortunately for me, i can afford a good school. yay for the well paying jobs that come with going to prestigious schools If you remember me replying to you in other threads, you take this shit way too seriously because I dont even remember saying anything to you previous to this thread. It really isnt a big deal, so get over it.   like i said, your decision, your money, so i dont care. Now let's see how good your comprehension skills are.   /laugh my comprehension skills are just fine. im not wasting money, im investing in the ability to make lots of it -- Posted by Rezert at 12:30 pm on May 23, 2008 see, my mom is gonna make me pay for EVERYTHING. -- Posted by Majo at 3:22 pm on May 26, 2008 Quote: from ladyface at 2:53 pm on May 23, 2008 Quote: from PimpMyHoes at 8:50 pm on May 22, 2008 Quote: from ladyface at 8:45 pm on May 22, 2008 i doubt it's worth the money. often times cheaper schools end up being better than expensive ones. i usually find people that say that are just bitter that they couldnt get into a good school.   Baha, well that's not the case with me. I simply dont have my naive little head up my ass. But, your decision, your money, so I dont really care. Mmm, I think you're wrong actually...yeah, some schools are almost undoubtedly overcharging but some are well worth the cost if you have the grades to get in. I was talking to someone who helps hire people at his company and he told me that he was shocked by how many kids come looking for jobs and don't know their field all that well so going to a cheaper school isn't always worth it. When I named what school I was transferring to, he said that it's expensive but worth it. The graduation rate is low because it's challenging, you can't get out of there without knowing your shit and having some work experience, so the $35,000 a year price tag is appropriate. It's nationally renowned, I'll gladly pay off the $12,000 in loans I have out now. Also, the more a school costs, the more money it has to give out. That's especially true of private schools, they can pretty much do whatever they want. Shit, I was given $12,000 in grants and scholarships which chops the price down to $23,000 a year which is only a few thousand more than my former school. The two other schools I was at, while cheaper, simply don't compare to this one. And not having a lot of money shouldn't really hurt you all that much. Truth be told, having a lot of money might be what stings you. My Dad retired a year ago and now only makes about $30,000 a year, if he's lucky. I ended up getting $12,000 in grants and scholarships and $12,000 in loans, $4,000 of which is subsidized, $8,000 of which will accrue interest but the rate will be set based on our income. My bf's Dad is a doctor -- he didn't get jackshit and he actually really needs it. So, in the long run, being on the poor side might benefit you. Anyways, to the OP: I'd try to put away $170 a month. That'd come to a little more than $2,000 a year. Do that for about ten or fifteen years and they should be set.