1400 dollars for a college fund? Every heard of a Community College or better yet how about they can pay for it on there own.
Here are the real numbers which are TUITION ONLY, no room, board, books, food or expenses. Keep in mind that the average college student can only make $3000-$4000 per year.
STATE SCHOOL USING AVERAGE STATE TUITION Cost and 6.3% Current College Inflation rate
[FONT=ARIAL, HELVETICA]
College Type:[/FONT][FONT=ARIAL, HELVETICA]
4 Year[/FONT][FONT=ARIAL, HELVETICA]
Current One-Year Costs:[/FONT][FONT=ARIAL, HELVETICA]
$10,647.00 [/FONT][FONT=ARIAL, HELVETICA]
Tuition Inflation Rate: [/FONT][FONT=ARIAL, HELVETICA]
6.30%[/FONT][FONT=ARIAL, HELVETICA]
Years to Enrollment:[/FONT][FONT=ARIAL, HELVETICA]
18 years[/FONT][FONT=ARIAL, HELVETICA]
Adjust after Matriculation:[/FONT][FONT=ARIAL, HELVETICA]
yes[/FONT]
[FONT=ARIAL, HELVETICA]
First Year Projected Costs:[/FONT][FONT=ARIAL, HELVETICA]
$31,976.14[/FONT][FONT=ARIAL, HELVETICA]
Second Year Projected Costs:[/FONT][FONT=ARIAL, HELVETICA]
$33,990.64[/FONT][FONT=ARIAL, HELVETICA]
Third Year Projected Costs:[/FONT][FONT=ARIAL, HELVETICA]
$36,132.05[/FONT][FONT=ARIAL, HELVETICA]
Fourth Year Projected Costs:[/FONT][FONT=ARIAL, HELVETICA]
$38,408.36[/FONT][FONT=ARIAL, HELVETICA]
[/FONT][FONT=ARIAL, HELVETICA]
Total Projected Costs:[/FONT][FONT=ARIAL, HELVETICA]
$140,507.18[/FONT]
AND FOR THE SCARY PART. AVERAGE TUITION FOR PRIVATE COLLEGES TUITION ONLY using he average from money magazine and using the current college cost inflation rate of 6.3%
[FONT=ARIAL, HELVETICA]
College Type:[/FONT][FONT=ARIAL, HELVETICA]
4 Year[/FONT][FONT=ARIAL, HELVETICA]
Current One-Year Costs:[/FONT][FONT=ARIAL, HELVETICA]
$30,367.00 [/FONT][FONT=ARIAL, HELVETICA]
Tuition Inflation Rate: [/FONT][FONT=ARIAL, HELVETICA]
6.30%[/FONT][FONT=ARIAL, HELVETICA]
Years to Enrollment:[/FONT][FONT=ARIAL, HELVETICA]
18 years[/FONT][FONT=ARIAL, HELVETICA]
Adjust after Matriculation:[/FONT][FONT=ARIAL, HELVETICA]
yes[/FONT]
[FONT=ARIAL, HELVETICA]
First Year Projected Costs:[/FONT][FONT=ARIAL, HELVETICA]
$91,201.22[/FONT][FONT=ARIAL, HELVETICA]
Second Year Projected Costs:[/FONT][FONT=ARIAL, HELVETICA]
$96,946.90[/FONT][FONT=ARIAL, HELVETICA]
Third Year Projected Costs:[/FONT][FONT=ARIAL, HELVETICA]
$103,054.55[/FONT][FONT=ARIAL, HELVETICA]
Fourth Year Projected Costs:[/FONT][FONT=ARIAL, HELVETICA]
$109,546.99[/FONT][FONT=ARIAL, HELVETICA]
[/FONT][FONT=ARIAL, HELVETICA]
Total Projected Costs:[/FONT][FONT=ARIAL, HELVETICA]
$400,749.66[/FONT]
Are all of our kids going to get full rides to college? Doubtful