You know what’s harder than paying for your college education? Saving for your child’s education at the same time. Some sources say that by 2021, a 4 year college education will cost $125k for a public school and $300k for a private one. That is a big investment.
But our child won’t reach college age until 2030 so the cost will probably be even higher. There are good arguments for both paying for your child’s education and not paying for it. We could give them as many advantages as possible or let them learn by struggling through themselves. We’ll hopefully end up somewhere in between but regardless this is going to be expensive.
Time to buy a powerball ticket and hope for the best. Or start saving money like mad and plan for the worst.
No comments:
Post a Comment