Tue 29 Jan 2008
Funding Your Kid’s Future
Posted by Meta-Dad under dad , fyi , life , paid post , parent stuff , the good, the bad, and the otherwiseAs a parent it is easy to get lost amongst the day to day minutiae of child rearing. Buying the groceries. Driving the kids here and there. Doing the laundry, again. Buying more groceries. Driving to and from soccer practice - the list is seemingly endless.
Here’s a reminder for all of us (including myself) - don’t forget to squirrel away some money for the kid’s college years. Current financial sources have placed college tuition projections for kids graduating high school between 2011-2022 between $85,706 - $153,486 (based on average college expenses, and tuition for public college or universities with adjusted cost inflation rate of 6%)! By the way that means if you start saving for your newborn’s undergraduate degree right now (he/she enters college in 18 years or 2020) you will have to sack away $710 dollars a month for the next 18 years to cover their college experience!
For parents with teenagers prepping for SAT’s now the issue is all too pertinent. As you may be aware there are a number of online options available to you. One of the biggest scholarship programs out there is the Bill Gates foundation. It was initially funded in 1999 by a one billion dollar grant from the Bill & Melinda Gates Foundation.
Check out Scholarships.Com for a fresh listing of resources and scholarships. Their expansive college scholarship database is updated constantly, offers relevant and accurate scholarship & grant information.



January 29th, 2008 at 5:08 pm
Yes, It does get very expensive. I am in Financial Aid at a private university and thankfully if I stay, I will get tuition paid for my kids. That is huge with the numbers being what they are.
James