Sharing College Costs with Children

threebeans
Mon, 03 Jun 2019 16:36:27 +0000

We are getting them through undergrad with no loans. We have been paying tuition room and board. DS will move off campus this fall and off of the manadtory meal plan so he will have to pay for his own food now, in addition to electricity, books and technology. Paying for his tuition and most living expenses has freed him from working during the school year so he is taking 18 credits usually and will graduate early with a double major.

DD threw a monkey wrench in our plan in the best possible way by getting awarded a full ride. Since we are saving so much on her undergrad we will likely fully fund her masters or PhD. While at school she will have to purchase her own laptop, books and spending money so she’ll be working full time over the summer and saving that towards expenses and study abroad costs.