Comments on: Value Education: How Going to a Value College Helped Me Save Money

By: Stevo

Stevo — Sat, 24 May 2008 02:35:08 +0000

Upromise is a great service where you can earn and save money for your 529 College Fund … I linked E-Rewards to Upromise, so I can take surveys online, and the money goes into my 529. I’ve gotten to the point where I can earn a couple hundred bucks a quarter for the fund, all of which doesn’t come out of my pocket.

By: Hilary

Hilary — Fri, 23 May 2008 21:41:34 +0000

If you aren’t saving your money for an education, what are you saving for?

By: Joe @ SimpleDebtFreeFinance

Joe @ SimpleDebtFreeFinance — Fri, 23 May 2008 16:39:07 +0000

Excellent post Shannon!

I went to a community school (call it the generic vs. name brand of higher education) for the 1st 2 years, then transferred with an associates degree to a 4 year University and finished the last 2 years there. I saved a bundle doing that!

I had a teacher in High School who told me, “Why go to a 4 year school at the outset? Both schools cover the same basic requirements in the first 2 years, and they’ve got to have a library, right?”

His point was well taken.

And I can’t say how much it annoys me to read articles in Money Magazine stating how important it is to save for a child’s college tuition. It is important, don’t get me wrong, but these stories always imply that every child is entitled to a free ride to a 4 year, brand name University.

My wife and I are saving for our children’s college tuition, but they will be aware that we’re not cover the complete cost, and they’ll have to do some part time work like their mom and dad.

By: reginald

reginald — Fri, 23 May 2008 07:52:09 +0000

My father made finding a value college quite easy for me. he said that I had $30,000 to spend for my entire college education. If I had any of the money left over, it was mine to keep. If I spent more, it was my responsibility to pay the difference.

I chose value so I could graduate debt free. It was a great education in finances I would have never gotten if he had just said, I’ll pay wherever you want to go.

By: killian

killian — Fri, 23 May 2008 07:21:31 +0000

This is a great point. A college education is one of the most expensive purchases that people make during their lifetime, and rarely do they look for the best value. It’s one area where everyone tries to get into the best college by name (kind of like everyone trying to buy the most expensive car) rather than what is the best college (the best car) for them. Maybe it would sell better if we called it a “honda education” vs a “ferrari education”