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We were able to pay for our daughter's entire college costs, including a small condo for her to live in. What was really helpful, was that we started mutual funds in each of the kids names about 10-15 years ago. With those, we were able to pay the rest out of my salary, as well a $9K for cosmotology school for daughter number two.
When the economy went bonzo, son's mutual fund took a beating, but he got basically a full academic ride, so was able to take part of the mutual fund and buy a used car.
For those of you planning to have children, I highly recommend that mutual fund route. Start small and build up the amount you can put in as your salary increases.
When college time comes, you'll be amazed at how much you've managed to save.
(My parents paid tuition for me (about $250/quarter) and I paid the rest -- but I was making what seemed like a lot of money compared to other kids as a disk jockey and then a TV announcer on weekends and working for the university broadcasting services during the week. So I started off with no college loans)
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Fraternally,
DeltAlum
DTD
The above is the opinion of the poster which may or may not be based in known facts and does not necessarily reflect the views of Delta Tau Delta or Greek Chat -- but it might.
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