How To Pay For Private Colleges?

mom2collegekids
Wed, 03 May 2017 02:45:54 +0000

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After talking to my parents and and looking at the rough estimate from the Net Price calculator, my parents said they were willing to invest more in my education from the 5,000-10,000.
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Ok…test time…lol

Since you’re a junior, ask your parents if they can start putting $500-800 a month into a savings account. This will let them really see how much they can actually afford to put towards college on their income.

the reason I say this is so that the decisions made next near will be based on their actual knowledge of what they can actually contribute.

Believe me, things happen. Every couple of months, most households have some sort of a major unexpected expense…dental work, car repair, major appliance replacement, the list goes on and on. We’ve seen things like this totally mess up what some families think they can pay for college.

If next year, after doing this savings effort, your parents feel that they can do $10k per year, then super. However, this exercise may show them that they can only do $5k per year. Whatever the result is, it will help you know which school is really affordable.

We see many kids have to leave their school shortly after enrolling because paying was more difficult than the family first thought.