The specter of college tuition has been breathing down my neck for several years now. I, like many parents, spent my daughter’s high school years living in dread that she would get into her dream school, but that financial aid would fall short of what we could actually afford. If you are also looking down the tunnel at a potentially sizable college tuition, this challenge is for you.
In April, my daughter did get into her dream college. Fortunately, the financial package was very generous. College tuition might not be the massive financial hit I feared after all.
The College Tuition Situation
Starting in September, my daughter will be attending a school whose ticket price for tuition, room, board, and fees is north of 70K. I know that sounds crazy-town. But after the school’s hefty scholarship offer, my daughter’s reasonable student loans, and some grandparent contributions, the out of pocket cost to my ex-wife and I is only about $18,000.