How To Pay For Private Colleges?

austinmshauri
Wed, 03 May 2017 11:41:21 +0000

I don’t think it’s necessarily true that they can’t come up with $5-10k/year unless they haven’t been able to save. We earn ~$60k/year and are paying $5k/year out of current income just for tuition for our son. We also have $4k/year set aside in savings for each of our children. But we knew going into application season how much we could pay and where it was coming from. If OP’s parents aren’t sure when they’ve already been through the process once, setting aside the money every month for the next year is a really smart idea. I think OP should plan for schools where the contribution can be $5k and consider the $10k schools as financial reaches.