Children

52 Weeks: Children – College

Personally I think our nation has gotten carried away with ignoring the many rewarding careers that don’t require a four year degree. However, if your child wants one, here’s some thoughts from the book:

College also has various levels of spending that are possible

$0: (to parent) kid combines grants, loans, work, and scholarships

$0: kid joins military and they pay

$0: kid takes up college-irrelevant career

$10,000+-: community college, live at home

$200,000+: university, four years, live there

$300,000+-: umpteen advanced degrees

A surprising number of colleges in the U.S. offer free tuition. Most of them have limitations. They may require that you come from a set geographical area, or from a low-income family. Some involve work programs and others require work after graduation. Some of them are:

  • US Coast Guard Academy
  • S. Naval Academy
  • Merchant Marine Academy
  • Air Force Academy
  • Military Academy
    • The military schools have stringent entry requirements and they require five to eight years service after graduation
  • Alice Lloyd Collegein KY
  • Berea College, KY
  • Cooper Union in NYC
    • As of 2014, they only cover half of the tuition
  • Collegeof the Ozarks in Lookout Point, MO
  • Cornell University, NY (Ivy League)
    • Free tuition for students from low income families
  • Barclay Collegein Haviland, Kansas (Bible college)
  • Curtis Institute of Music in Philadelphia
  • Deep Springs Collegein CA
  • Franklin W. Olin Collegeof Engineering, MA
  • Louis Christian College, MO
  • Webb Institute in Glen Cove, NY (engineering)
  • William E. Macaulay Honors Collegeat CUNY, NY
  • Williamson Free School of Mechanical Trades, PA

To see if there are any I overlooked, search on “colleges with free tuition.”

 

 

Marie Brack is the author of Frugal Living for the 21st Century: Adventures in Using Your Money Wisely. It’s available on Amazon.com in both Kindle and paperback versions.

https://www.amazon.com/s/ref=nb_sb_noss_2?url=search-alias%3Daps&field-keywords=marie+brack

52 Weeks: Children – How Much Do They Cost?

I have seen articles on the Internet that say it costs hundreds of thousands of dollars, a quarter of a million dollars, to raise a child. There may be families who can and do spend that much. I also know families who couldn’t if they wanted to. My own experience is that kids cost as much as you are prepared to spend.

For instance, there are several levels of spending to choose from:

Clothes

$0: hand me downs. I wore my older cousin’s clothes, and when I outgrew them, handed them on to her younger sister.

$small: rummage sale, garage sale, thrift store, and consignment store purchases. For very young children especially, garage sales are a bonanza of barely used clothes

$big: new clothes from a discount store

$huge: new designer clothes from a high-end department store

 

Shoes

$0: older sibling’s hand me downs

$15: sneakers, new

$35: leather shoes, new

$200: fashionable athletic shoe, new, that are outgrown in six months

 

Each family applies its own values and preferences to deciding what levels to spend on.

 

 

 

Marie Brack is the author of Frugal Living for the 21st Century: Adventures in Using Your Money Wisely. It’s available on Amazon.com in both Kindle and paperback versions.

https://www.amazon.com/s/ref=nb_sb_noss_2?url=search-alias%3Daps&field-keywords=marie+brack