MichealKnight
Full time employment: Posting here.
- Joined
- May 2, 2019
- Messages
- 520
Hello....
I am 46 and retired for 1 year now. I have no college experience at all - but because I don't own any companies anymore, my kids will probably have to do the college route. 1st one - starts in 5 years so of course, I keep planning the money aspect .
Spending Money
**************
NOT talking room, board, meal plans, books etc. I'm talking extra stuff.
What is a considered a "good" monthly spending budget? I've been using $250 per month so far.
Merit based aid
*************
I can legally show ZERO income - but assets are 7 figures so I'm assuming no need-based aid although I'll have to research more.
Question: I see on private college sites "99% of our students receive aid". Is that true? Do a majority of students at private colleges get ...$1k, $5k, $10k per year, just because they have good transcripts?
Any opinions or experiences I'd really appreciate - thanks.
I am 46 and retired for 1 year now. I have no college experience at all - but because I don't own any companies anymore, my kids will probably have to do the college route. 1st one - starts in 5 years so of course, I keep planning the money aspect .
Spending Money
**************
NOT talking room, board, meal plans, books etc. I'm talking extra stuff.
What is a considered a "good" monthly spending budget? I've been using $250 per month so far.
Merit based aid
*************
I can legally show ZERO income - but assets are 7 figures so I'm assuming no need-based aid although I'll have to research more.
Question: I see on private college sites "99% of our students receive aid". Is that true? Do a majority of students at private colleges get ...$1k, $5k, $10k per year, just because they have good transcripts?
Any opinions or experiences I'd really appreciate - thanks.