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Re: Saving for kids college... [Re: BearkatHunter2011] #7914482 07/27/20 03:45 AM
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I have a 14 almost 15 year old that is going to be a trade school/ blue collar worker. He has no desire to go to school and only does so because we make him. Overall he is a good kid, just hates being indoors. I have him researching trades and am working on lining up summer jobs between now and when he is of age to go to work or trade school.

My girls will be the expensive educations. I have a 5 year old starting in the next 2 weeks to 60 days, depending on what my state decides to do with COVID. Then the one year old caboose.

I have two degrees through community colleges and have a little over 25k in debt. I am hoping to steer them into early enrollment and then JUCO to get a jump-start on their undergrad. Passed that, it will be up to them.

I am glad to see that I'm not the only person worrying about these things.

Re: Saving for kids college... [Re: BearkatHunter2011] #7914534 07/27/20 11:19 AM
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College is more that learning the three Rs. They also learn more socialization and money management. Give them a debit card rather than a credit card.


Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill


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Re: Saving for kids college... [Re: bill oxner] #7914555 07/27/20 12:09 PM
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Originally Posted by bill oxner
College is more that learning the three Rs. They also learn more socialization and money management.


Bill's on the money on this one. Important lessons when Mom and Dad aren't watching every day.

I do like trade schools for the kids that don't want college. Back in the 1930s the public schools had voc schools at the high school for after you graduated. My dad went to a business school at Austin High, after he graduated. They could not afford to send him to college. It served him very well.


...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
Re: Saving for kids college... [Re: BearkatHunter2011] #7914684 07/27/20 02:19 PM
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I made my son get a student loan for his first semester. I said I would only pay for A & B's at the end of each semester. After the first semester, I owed nothing. He got another student loan for his second semester. Again, I owed nothing. He never went back after that.


coffee spelled backwards is eeffoc. I don't give eeffoc until I have my morning coffee.
Re: Saving for kids college... [Re: Dry Fire] #7914711 07/27/20 02:33 PM
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Originally Posted by Dry Fire
I made my son get a student loan for his first semester. I said I would only pay for A & B's at the end of each semester. After the first semester, I owed nothing. He got another student loan for his second semester. Again, I owed nothing. He never went back after that.



How long did it take him to repay the loans?


Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill


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Re: Saving for kids college... [Re: ZachTisdale] #7914749 07/27/20 02:55 PM
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Originally Posted by ZachTisdale
I have a 14 almost 15 year old that is going to be a trade school/ blue collar worker. He has no desire to go to school and only does so because we make him. Overall he is a good kid, just hates being indoors. I have him researching trades and am working on lining up summer jobs between now and when he is of age to go to work or trade school.

My girls will be the expensive educations. I have a 5 year old starting in the next 2 weeks to 60 days, depending on what my state decides to do with COVID. Then the one year old caboose.

I have two degrees through community colleges and have a little over 25k in debt. I am hoping to steer them into early enrollment and then JUCO to get a jump-start on their undergrad. Passed that, it will be up to them.

I am glad to see that I'm not the only person worrying about these things.


Absolutely nothing wrong with trade schools.

Re: Saving for kids college... [Re: skinnerback] #7914751 07/27/20 02:56 PM
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Originally Posted by skinnerback
Originally Posted by Davis300
4 kids here, currently all have college funds since the day they were born. (5, 8, 10 & 10) We are still Dave Ramsey fanatics and hope to have a large portion of their college needs covered when the time comes.



Have 4 kids as well.

Do what you can to protect their assets, it cuts deep if you and the wife ever have a falling out and she wipes you and the kid's savings clean.

I said it would never happen too..


I really don’t know how you’re still a free man

Re: Saving for kids college... [Re: BigPig] #7914759 07/27/20 03:01 PM
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Originally Posted by BigPig
Originally Posted by skinnerback
Originally Posted by Davis300
4 kids here, currently all have college funds since the day they were born. (5, 8, 10 & 10) We are still Dave Ramsey fanatics and hope to have a large portion of their college needs covered when the time comes.



Have 4 kids as well.

Do what you can to protect their assets, it cuts deep if you and the wife ever have a falling out and she wipes you and the kid's savings clean.

I said it would never happen too..


I really don’t know how you’re still a free man


I’ve heard that before lol.

Re: Saving for kids college... [Re: BearkatHunter2011] #7914770 07/27/20 03:07 PM
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Marriage is grand. Divorce is a couple hundred grand.


Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill


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Re: Saving for kids college... [Re: Dry Fire] #7914793 07/27/20 03:20 PM
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Originally Posted by Dry Fire
I made my son get a student loan for his first semester. I said I would only pay for A & B's at the end of each semester. After the first semester, I owed nothing. He got another student loan for his second semester. Again, I owed nothing. He never went back after that.


How's that working out for him? 2 semesters of student loans and nothing to show for it.....

Re: Saving for kids college... [Re: BearkatHunter2011] #7914794 07/27/20 03:20 PM
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Mom and dad set up texas tomorrow funds for my brother and myself. I went to a state 4 year university mom and dad helped out a lot. I did 4 year undergrad degree and a masters program. Masters was all on me i paid some and borrowed more.

My wife i feel like had a better plan with scholarships from FFA/4H stuff. I was a white male upper middle class kid, we werent military i didnt play sports and didnt do 4h/FFA and i wasnt the valadictorian.... there pretty well arent scholarship opportunities for me as a kid, hopefully if we get our kids into the FFA/4H stuff my wife did we will have a start for that for them and i will help and im sure they will have some debt. Debt makes you responsible.

After going through with college i think a trade school or technical school may have done me just as good or better, but i am using my degrees so im not bent out of shape about it.

I dont want to load my kids up with debt, but i graduated with a considerable amount of school debt bought a truck and a house etc. all the carp young adults do. I paid off the last of my student loans and the wife's a few months before our first kid was born less than 2 years after we graduated. Student loans are no fun, but if you want to pay them off the get paid off.


It's hell eatin em live
Re: Saving for kids college... [Re: BearkatHunter2011] #7914943 07/27/20 05:40 PM
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My wife and I are both college grads. We both worked through college. Her at Walmart and me at TDCJ. I cant tell you how many family events we missed by working in college. We are both also paying off student loans as well.

So when our kids were born, we decided to set $200 a month back for each of them in a 529 account. I just hope it will help them get a little further along than me and their mother in life. Right now that figure will get them 3 out of 4 years paid for tuition, fees, and books at a state university.

I never understood folks who had kids and always put their kids first until I had kids of my own. My goal now is to do all I can to set up them and my future grand kids in life. Watch some Yellowstone and you will see what Im talking about. Also hoping to enjoy retirement on day too.

Re: Saving for kids college... [Re: mohunter] #7915568 07/28/20 01:45 AM
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Originally Posted by mohunter
Originally Posted by bill oxner
Originally Posted by NORML as can be
I'm not paying for any further indoctrination past high school.



If you don't pay now, you may have to pay later.

This has got to be the best and most accurate post I have ever seen Oxner make.

Truer words have never been spoken!


Agree

Re: Saving for kids college... [Re: DocHorton] #7915578 07/28/20 01:55 AM
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Originally Posted by DocHorton
Originally Posted by Tbar
Originally Posted by mohunter
I don’t disagree with anyone’s point on this subject, everyone has their right to their own opinion, however I want my kids have to have better start than I did.
I have accomplished that, two more years to go on the second daughter.
It cost me about $200,000 all said and done between tuition and private housing but I have no regrets.

That’s $200,000 I could have used to buy something else or save for retirement but well worth the investment in my opinion.


You and others above that have made the sacrifice are positioning your kids to be way ahead of their peers coming out of college. Maybe you have set a generational precedent going forward.


Wise words.


Agree. The wife and I agreed when we got married that we would help our kids with their education. We have a 2003 aTm graduate, a 2006 UNT graduate, and a 2015 Southeastern Oklahoma State graduate. Gotta admit the times between 2001 and 2003 were pretty lean when the first two were both in school, but we got through it. The SOSU grad, through good grades (got OK in-state tuition) and a great golf game, was a walk in the park.
Not a visit goes by that we don't get thanks from them for their debt-free graduation. Totally worth it.

Last edited by joebass2; 07/28/20 01:59 AM.
Re: Saving for kids college... [Re: BearkatHunter2011] #7915613 07/28/20 02:22 AM
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We had to pay for a total of 7 years. But it was worth it.

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Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill


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Re: Saving for kids college... [Re: BearkatHunter2011] #7915629 07/28/20 02:35 AM
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I’m not paying for my kids college, they will go, they will suffer and they will reward themselves just as I did. Education isn’t a right it’s a privilege for those whom seek a better life. American Dream isn’t determined by education it’s determined by shear will power to exceed your peers and the resiliency to get you up when your stubble, education just helps. When they work in conjunction you have success.

I’ll be there to push and encourage just enough to keep them from completely failing, to a degree.



Donate to TX Youth hunting program.... better to donate then to waste it in taxes

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Re: Saving for kids college... [Re: BearkatHunter2011] #7915652 07/28/20 03:05 AM
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Dam Bobo, WELL said sir! cheers


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Originally Posted by machinist
Man if I knew what Oxner knows I could throw away what I know
Re: Saving for kids college... [Re: BearkatHunter2011] #7915664 07/28/20 03:22 AM
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Bobo did just nail that. Well said Sir


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Re: Saving for kids college... [Re: BearkatHunter2011] #7915772 07/28/20 11:25 AM
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Originally Posted by BearkatHunter2011
How many of you are saving?

How much are you saving per kid per month?

I saw a calculator that estimates a state college in Texas costs about $40K a year for tuition and books in 2032.

I had a little help with college ($5K) which helped me get started the first year when I went. Just hoping I can give my kids a little better leg up in life.



None. My son is on his own to make that investment vs. return decision. The only thing he'll get is the rest of my Hazelwood benefits since I have no desire to pursue a PhD. The only cash help will be if he gets into a jam now and then.

Re: Saving for kids college... [Re: DocHorton] #7915832 07/28/20 12:34 PM
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Originally Posted by DocHorton
Originally Posted by Dry Fire
I made my son get a student loan for his first semester. I said I would only pay for A & B's at the end of each semester. After the first semester, I owed nothing. He got another student loan for his second semester. Again, I owed nothing. He never went back after that.


How's that working out for him? 2 semesters of student loans and nothing to show for it.....


This was over 15 years ago and the two semesters were at Collin County Community College.


coffee spelled backwards is eeffoc. I don't give eeffoc until I have my morning coffee.
Re: Saving for kids college... [Re: BearkatHunter2011] #7915855 07/28/20 12:56 PM
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Do any of you who send your children to private school plan to not pay for college?


Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill


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Re: Saving for kids college... [Re: BearkatHunter2011] #7915888 07/28/20 01:32 PM
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My son went to private school k-6. And I paid for college. But we only gave $100 for spending money. He took it upon himself to get a job.



Re: Saving for kids college... [Re: BearkatHunter2011] #7915899 07/28/20 01:41 PM
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I didn’t know you could gift hazelwood so I guess one of them can have that.

Re: Saving for kids college... [Re: 68rustbucket] #7915903 07/28/20 01:44 PM
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Originally Posted by 68rustbucket
My son went to private school k-6. And I paid for college. But we only gave $100 for spending money. He took it upon himself to get a job.



My daughter had a couple of jobs while she was at Baylor. One was at the Circle Restaurant in Waco. None while she was at UT Law. I thought it was a great investment. She just got recruited to teach legal writing at a top tier law school in Georgia.


Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill


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Re: Saving for kids college... [Re: bill oxner] #7915910 07/28/20 01:49 PM
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Originally Posted by bill oxner
Do any of you who send your children to private school plan to not pay for college?


I don’t currently out side of pre-k. I do pay for extra programs like Gideon

I’d pay for private school, extra tutoring etc, if it was warranted. Meaning if I had a school district I didn’t think was a stellar learning environment. I think k-12 is more important then college, it’s a foundation for either success or excuses/projections.


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