Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

How Can You Close the College Saving Gap?
Townhall.com ^ | February 14, 2013 | Carrie Schwab Pomerantz

Posted on 02/14/2013 1:12:15 PM PST by Kaslin

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-53 next last
To: dfwgator

Yes, WORK! Also not mentioned yet (I don’t think) on this thread is GI Bill Benefits. My son started college then determined he was not sufficiently self-disciplined to go through at age 18, joined the Marine Corps for 4 years. Then worked full time at Home Depot and went to school full time, getting GI Bill Benefits, plus HD gave some bonuses or subsidy for his tuition. Got his degree 9 years after high school graduation, but saw it through and has been steadily employed since age 15.


21 posted on 02/14/2013 1:42:28 PM PST by NEMDF
[ Post Reply | Private Reply | To 13 | View Replies]

To: elkfersupper
That is due to change under Obamacare.


22 posted on 02/14/2013 1:43:34 PM PST by dfwgator
[ Post Reply | Private Reply | To 20 | View Replies]

To: E. Pluribus Unum

And, all you really did was fund a bunch of lazy, Liberals in so-called “Education”.


23 posted on 02/14/2013 1:47:18 PM PST by Empire_of_Liberty
[ Post Reply | Private Reply | To 5 | View Replies]

To: Kaslin

I have two in college. Both work. Both live at home. Both are going to a state supported school. My son is saving up to be able to pay next year to live on campus. They rent their books from Chubb when they can. Tuition and fees run about 4K a semester for each one. Book prices are Crazy! No Loans.


24 posted on 02/14/2013 1:47:44 PM PST by Elderberry
[ Post Reply | Private Reply | To 1 | View Replies]

To: PGR88
Do not have savings in the childrens’ names. It is taken right off the top before financial aid is calculated Do not contribute to 529’s. It also is taken right off the top before financial aid is considered.

Exactly. Minimize any money that is in your child's name. The FAFSA process will consider that ALL of it is to be used for tuition.

Instead, take the money that you would have used to put in a 529 account, and use it to pay down your mortgage. Equity in your home is NOT considered in the FAFSA process. Read the FAFSA calculation document(available online). If your house is paid off, then max out your 401K contributions in the years leading up to your kid going to college.

25 posted on 02/14/2013 1:48:16 PM PST by PapaBear3625 (You don't notice it's a police state until the police come for you.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: MrB
I went to college in the early '70's. My purposes were to avoid the draft; (I was #15 in the draft lottery that year and it was promised that everyone under #179 was going to get a free (probably one-way) ticket to Viet Nam); get drunk, stoned and otherwise messed up; and screw as many chicks who were inclined.

Did all of that. Enjoyed it. Have no regrets.

Would I have borrowed money or taken my parents' money to do all that?

No.

26 posted on 02/14/2013 1:49:50 PM PST by elkfersupper ( Member of the Original Defiant Class)
[ Post Reply | Private Reply | To 11 | View Replies]

To: PGR88

Part of the problem with colleges is the lack of transparency in prices so that people can compare prices. The other problem is the treatment of college as a wealth transfer method - charging people based on income by subsidizing the “poor”, pretty much all of them. The third failing is the introduction of social engineering and political correctness, essentially charging whites and Asians more to subsidize the less capable minorities.


27 posted on 02/14/2013 1:53:52 PM PST by tbw2
[ Post Reply | Private Reply | To 8 | View Replies]

To: PGR88
Having gone through the FAFSA process and talked with financial-aid staff at several universities last year, there are a couple of your “lessons” that are not quite correct:

1. Not all universities take the full amount of 529 savings off the top in calculating “expected financial contribution.”

2. The income of the non-custodial parent is included in financial-aid calculations.

Nevertheless, it is shocking how much middle-class families are expected to pay toward college costs, and how little of the total assistance distributed is in the form of merit-based aid.

28 posted on 02/14/2013 1:54:07 PM PST by riverdawg
[ Post Reply | Private Reply | To 8 | View Replies]

To: elkfersupper
I went to an in-state “public ivy”, also in the early 70s. My annual tuition was $500. In-state tuition at the same university today is about $15,000 per year. Paying for college is a different, and vastly more expensive, proposition today than it was when you and I went.
29 posted on 02/14/2013 2:04:01 PM PST by riverdawg
[ Post Reply | Private Reply | To 26 | View Replies]

To: Elderberry
Also have two kids in school. With retirements, we get our income down around to where we are not even in the middle class anymore; but live in a rural area, heat with wood, grow big garden, shoot a couple moose and eat salmon, not all the expenses & taxes you find in urban areas; heck no property taxes out where we live, ha ha. Can't get a penny in aid, but can get all the loans; which we don't want. Don't believe all that aid garbage if you make over 60K or are not the proper complexion.

Each kid costs 7-8 thou/semester in state school (tuition, books, room and board). TUITION MANAGEMENT is the way to go. T.U. takes around $1600 out on the 10th of every month for each of our kids and it works for us as long as don't buy a new house, truck, boat, or anything else. $3200 on average/month, our only real expense and it works for us and no loans to ever be payed back to anybody.

Can't even imagine how people send their kids to schools that cost 40-50k/year?????

30 posted on 02/14/2013 2:18:23 PM PST by Eska
[ Post Reply | Private Reply | To 24 | View Replies]

To: Kaslin
ROTC. That's how I paid for college. I was fortunate to earn a 4 year scholarship that paid for books, tuition, lab fees, etc.

With what I made from my summer jobs, my parents didn't have to pay a dime.

Obama will be out in 4 years, and we're going to need good young officers to help rebuild the force.

31 posted on 02/14/2013 2:24:28 PM PST by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: riverdawg
Paying for college is a different, and vastly more expensive, proposition today than it was when you and I went.

And, the student gets no useful education, only indoctrination. Sounds like good reasons to bag the whole idea to me.

Having said that, I put both of my kids through state universities.

The son is a Deputy Sheriff with 4 kids in Podunk, USA making $17 an hour. The daughter is an engineer with a large defense contractor making 6 figures. She has no spouse, no kids, no pets, no houseplants, no debt and is having a grand old time.

Go figure.

32 posted on 02/14/2013 2:40:01 PM PST by elkfersupper ( Member of the Original Defiant Class)
[ Post Reply | Private Reply | To 29 | View Replies]

To: Kaslin

Dear Mr. Stupid.

The simple solution to the problem is to get government “free money” and “bennies” out of the Colleges of our country.

When the students have to pay for their college (like back in the old days) the amazing fact would be that the price of college would revert to “supply and demand” and the old business saying “what the market will bear.”

Suddenly, the cost of college would almost have a free-fall to justifiable costs.

The second thing is that not everyone has to go to college. A good technical education in many cases is far better since the demand for skilled trades is far more reliable than the market for heavy thinkers and pencil pushers.


33 posted on 02/14/2013 2:41:16 PM PST by DH (Once the tainted finger of government touches anything the rot begins)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin

FYI. Mr. Stupid does not refer to you....it refers to the man writing the letter in the article.


34 posted on 02/14/2013 2:42:44 PM PST by DH (Once the tainted finger of government touches anything the rot begins)
[ Post Reply | Private Reply | To 33 | View Replies]

To: Elderberry
"No Loans."

Rule #1.

My parents and my own college employment made that true for me. I passed along the boot strapping, at least for my kids' undergraduate degrees (2 out of three in Science).

35 posted on 02/14/2013 2:46:51 PM PST by Paladin2
[ Post Reply | Private Reply | To 24 | View Replies]

To: DH

I am not a Mister anyway.


36 posted on 02/14/2013 2:50:22 PM PST by Kaslin (He needed the ignorant to reelect him, and he got them. Now we all have to pay the consequenses)
[ Post Reply | Private Reply | To 34 | View Replies]

To: DH

In the good old days, only the rich went to college, then the WW2 Vets got to go and that changed everything. Then the Universities got to figuring out how they could again make awesome money by getting the Government involved and here we are with 4 year degrees taking 5 years and costing huge amounts of money and not teaching graduates decent skills.

I agree you don’t need College for everything. You know what, I think its a form of daycare for lots of Parents.

I’d like to see a cap of 4 years for a B.S. for one.


37 posted on 02/14/2013 2:52:27 PM PST by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
[ Post Reply | Private Reply | To 33 | View Replies]

To: TomasUSMC

Now they get the money from foreign students paying full freight and using TAs who can barely speak English to teach classes.


38 posted on 02/14/2013 2:54:40 PM PST by dfwgator
[ Post Reply | Private Reply | To 37 | View Replies]

To: dfwgator

Outstanding points!


39 posted on 02/14/2013 3:13:16 PM PST by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
[ Post Reply | Private Reply | To 38 | View Replies]

To: Elderberry
They rent their books from Chubb when they can.

Please excuse my ignorance, but what is Chubb in this instance? I know that there is a huge insurance company by that name but I don't know of a Chubb involved in education. Thanks.

40 posted on 02/14/2013 3:26:10 PM PST by OldPossum
[ Post Reply | Private Reply | To 24 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-53 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson