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1. Somebody mentioned that the cost of attendance (COA) for a UC is about 14K and 60K for an Ivy. 14K, is just the tuition for a UC. Total COA for UC is about 35K. So approximately, the total COA difference for four years between UC and the Ivies is about 110K to 120K, depending on the school. That 120K is probably the difference of the cost of living in Scrrips Ranch vice living in Escondido. Or maybe by not driving a Range Rover/Porsche but just having a Honda Civic or a Kia. Maybe not going to Europe for vacation but instead just driving to Arizona or Las Vegas. Or maybe not paying for an expensive extra curricular (i.e. soccer, baseball, etc.). Or maybe a combination of these things and other. But who am I to judge? And I don’t. Different people put values on different things.
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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?
