$100,000/216 months (18 years) = $463 a month per child.
....But now a small NAIA school has approached and there's a chance she can go to this school almost for free when you count academic and athletic money. she might start as a freshman.
I know it depends on the kid, but how do you weigh this -
A - Decent academic school that has her major and a chance to play softball and graduate with no debt.
B - Above average academic school, no softball, at a cost of $100,000 over 4 years.
DD's career choice requires grad school, and it's a competitive field, but those in this field have told her that if you are outstanding academically that your undergrad school won't matter that much.
$100,000/216 months (18 years) = $463 a month per child.
We've been fortunate to have good jobs, have lived below our means, and have also saved religiously for years so that's the position we are in with our first 2 kids currently in college and expect to be for the 3rd when she's headed there in 5 years.As parents, when our kids were born and for the next 18 years we should have been setting aside money for a 4-yr college so we do not have to make a choice between A or B.....
I know it depends on the kid, but how do you weigh this -
A - Decent academic school that has her major and a chance to play softball and graduate with no debt.
B - Above average academic school, no softball, at a cost of $100,000 over 4 years.
thanks for the replies. To 2020's point, I don't know that she would even need to transfer because the naia school has a good major that prepares her for the grad school she wants to attend. She wants to get in physical therapy school. This school has a pre-PT major. Not that your major is that critical anyway. but yes after 2 years she can reassess things, including how softball is going.