Aiming_4_55
Thinks s/he gets paid by the post
It's been said before, kids will have an impact on FIRE. In 2012, DD will be 6 and DS will be 5, so when the college years come, we'll get hit hard with college related expenses, assuming things go well. I am openminded that college is not for everyone, but thinking $$ would go toward schooling or helping them if appropriate and/or deserving.
I was just rechecking numbers at MN 529 and the calculator estimates a 4 year, in-state university, (tuition, fees, housing, etc) will be estimated at $200k per kid when they start at age 18, so $400k should be saved outside of the ER fund.
Sure part time work, scholarships, loans, AP classes in HS, ROTC, etc will be options.
Is it really worth it with starting salaries (about 40k-50k nowadays) and not moving up much? Are there other creative ways to fund college?
I was just rechecking numbers at MN 529 and the calculator estimates a 4 year, in-state university, (tuition, fees, housing, etc) will be estimated at $200k per kid when they start at age 18, so $400k should be saved outside of the ER fund.
Sure part time work, scholarships, loans, AP classes in HS, ROTC, etc will be options.
Is it really worth it with starting salaries (about 40k-50k nowadays) and not moving up much? Are there other creative ways to fund college?