You can tell this is an ancient meme because it prices college at 4 years at $9,000 per year instead of 5 years at $30,000 per year 😆

  • @[email protected]
    link
    fedilink
    51 year ago

    Honestly, would my wife and I need to save up only $1k per month for the next 16 years to pay for my kid’s college?

    16x12 = 192,000… Where are you getting this number from? That’s enough to put 2 kids through even the more expensive US colleges, assuming investments outperform tuition hikes

    • @[email protected]
      link
      fedilink
      11 year ago

      Given inflation, current estimates put the cost of a 4 year degree at about 180k in 2040, so not an unreasonable savings estimate. That number is both available from online estimates as well as what my own financial planner gave me when discussing my daughter’s college fund

    • Buck Fucket
      link
      11 year ago

      Never hurts to have extra if my Wife and I can afford it!