Paying for college

by Sheep Farmer

High school seniors are excited about college acceptances, and their parents are worrying about how they are going to finance the next four years. DD will be attending an Expensive Private College (EPC) starting in August. Luckily, she was awarded a merit scholarship that cuts tuition in half. Both sets of grandparents have generously contributed to a 529. I plan to pay the rest out of pocket. We have talked to her about working during the school year, but I told her that she could wait until after the first semester before deciding whether or not that is something that she wants to pursue. What are others doing to finance their children’s education, especially ones that will be attending EPCs? Have any of your kids considered the ROTC route? Are you going to encourage them to work during the school year? Are you willing to pay the full fare for an EPC?

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