Originally Posted by krotoole
Not to toss gasoline on a fire, but also consider that your kids may need a masters to compete in their chosen field. My oldest is now considering a pharmacy degree. Great track, huge financial rewards, and she's wired to be great at it ... but a very pricey 6 year journey to get there. We're fortunate and have planned since she was born to be able to swing big on college educations, but that will even stretch our position.
They've done away with the old style pharmacist's degree and gone to Doctor of Pharmacy programs where they have to do residencies in hospitals, etc. working with M.D.'s. It's a great field, however the graduates so often come out with substantial student loans. Starting salaries in chain pharmacies are $100K with the managers making $120K--working long hours including weekends. Congratulations on having a motivated student/daughter.