[quote=flu]
WHAT? UC schools are $35k/year now including room and board? Holy freaking sheet. In 9 years, with a 4% increase per year, that’s $50k/year for UC schools. Ouch… Ok, so the difference isn’t as wide.
Little FLU: Ivy is back play. Now just get in. Looks like I need to put more money into the “ForMyKidNotMyPorsche” account.
Side note: anyone else thing over the next decade it’s realistic to find 4% returns consistently year after year?[/quote]Based on my calculation, current UC tuition is ~$13k and Harvard is $48k. In 9 years, at 4% increase, UC would be ~$18k and Harvard would be ~$68k. That’s a difference of $50k/year. So, after 4 years of undergrad, you’re talking about $200k. I don’t know about you, but that’s pretty big difference to me. Maybe it’s not as big of a deal if you have one kid. For me, I rather save that $200k and if he/she has the ability to get far beyond a BS and make that education investment worth it, then I can take that $200k and pay for their MD/Law/MBA. You can view it as undergraduate being a test. If you’re a MD, I don’t think people care if you got your pre-med at Harvard or at SDSU, as long as you got your MD at Harvard.
