Annie and I met with a financial planner yesterday, and we were astounded by the forecast cost of college. College costs have been rising at 12% a year for the last 3 years. Yikes!
The nitty gritty... It'll cost us about $160,000 per kid for 4 years of in-state college. That's $480,000. Yikes again!
Here is a free college planning tool: www.collegechoiceplan.com
There are other things to consider such as junior college, part-time jobs, scholarships, student loans, grants, etc. But it's good to have some numbers to help with the planning & budgeting.
Wednesday, October 31, 2007
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