You can tell this is an ancient meme because it prices college at 4 years at $9,000 per year instead of 5 years at $30,000 per year 😆

  • OsrsNeedsF2P
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    1 year ago

    Honestly, would my wife and I need to save up only $1k per month for the next 16 years to pay for my kid’s college?

    16x12 = 192,000… Where are you getting this number from? That’s enough to put 2 kids through even the more expensive US colleges, assuming investments outperform tuition hikes

    • MindlessZ@lemm.ee
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      1 year ago

      Given inflation, current estimates put the cost of a 4 year degree at about 180k in 2040, so not an unreasonable savings estimate. That number is both available from online estimates as well as what my own financial planner gave me when discussing my daughter’s college fund