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Kids getting scholarships, helping FIRE!
Old 10-18-2013, 11:23 AM   #1
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Kids getting scholarships, helping FIRE!

(Beware of proud parent rant!)

Wife and I've saved $60k for each of two teenagers in college savings plans. The oldest is a senior and just got a letter that child 1 will receive a $14,000 scholarship ($3,500/year) at the state university she plans to attend! Child 1 is an outstanding student and will likely receive a regents scholarship that could cover the rest of the cost of college, but getting that first significant scholarship notice was certainly nice!

We have $60k saved that should be close to covering 4 years. We talk here about AA and rates of return, etc., what a difference having college paid for would make...instead of spending down that $60k, having it grow to maybe $80k when she graduates.

Good thing child takes after mother, huh?!!
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