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Originally Posted by claire
I envision something like this:
25%: His dad and I pay out of pocket
25%: Our son pays from his earnings and savings (summer and high school jobs, PT work during the school year)
25%-50% of last 2 years: Our son takes out loans
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I've been thinking of a slightly different formula. I was thinking about
:
50%: me and my husband
25%: the kids contribute from earnings and savings
25%: the kids take out loans or even hopefully scholarships but I am not depending on those at all.
Now the trick is to figure out how much schooling will cost in 5 years (for my daughter) or 11 years(for my son).