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by jmillikin
4357 days ago
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> Saving $2500/year @ 10% compounded annually over 18
> years is a little over $120K.
10% is not realistic; 2-3% is more likely, since a college fund isn't the sort of thing you'd want to gamble on stocks with. > Not qualifying for financial aid
Always factor in financial aid when calculating college costs. According to stanford.edu's Net Price Calculator, a gross income of $130k with the specified income tax rates will receive sufficient financial aid to reduce the net cost to about $11k per year. This is still pretty high for undergrad, but it's not financially ruinous. |
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