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NW Indiana | When I think of the college debate I always wonder why if it is so valuable there is so many struggling to pay off student loans. Then I go to your question, if it is so valuable why do parents need to save so much money to send their kids?
If a parent was able to afford to give there child 50k at 18 just to invest that would be 4.4 million for their retirement at 65(s&P at avg 10% return).
Seems to me at least 75% of college degrees are over priced and maybe that is the first step parents should be helping kids with. | |
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New Dad: Tax Savings and College Investing Ideas
