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College Fund and Musings

November 18th, 2015 at 11:05 pm

$254.78 Starting Balance
+_66.00 Coin Jar, Egg Money, Farm Sales
+_10.00 Weekly Deposit
------------------------
$330.78 New Balance

$5669.22 to go.

I went ahead and added in tomorrow's auto deposit so I didn't have to do two separate posts. The cost of the vet tech program my daughter wants to do is $1500 per semester, so a total of $6000 for 4 semesters. It is a work at your own pace online college, fully accredited. You have 18 months to complete each semester. She wants to start in the fall, so of course my first goal is to hit the $1500 mark.

We have been lax on college savings. We used to have some money saved up, but when we paid off all of our debts we used that money, since DD had no clue what she wanted to do after high school and for a time we weren't even sure she would graduate or go to school at all. DH has used some of it on his education, too.

I'm not terribly worried about it. I'm more concerned with saving up for our down payment and our retirement and staying debt free than our kids' college. College is less and less a good deal for the student, saddling them with mountains of debt and not ensuring them of a good job when they get out anymore. Especially if they get the useless degrees so many kids get. In fact the cynical part of me is viewing college and its massive loans as part of the government's way of keeping money coming into the federal coffers while keeping average citizens as a debt slave for the next 30 years of their lives. Add to that the nastiness going on at many universities these days and I'm not sure I want my kids to have any part of it.

My son will go to the local technical college for engineering, which will save us vast amounts of money and likely end him up with a job as good as the one DH has, with all the nepotism and connections DH can use where he works to land the kid a job in his field.

So for now I will be putting all coin jar money, egg sales, and other farm sales money in the College Fund as well as any extra money I end up with from the grocery budget that carries over from the previous week. That usually goes into the coin jar until I can make a deposit. I'll probably add a line item to the budget as well of $100 a month. We'll have enough when the time comes as long as I keep focus on it.

5 Responses to “College Fund and Musings”

  1. CB in the City Says:

    It does depend on what they want to do. In some fields there are other training options, but in many fields a college degree is required. Be sure you are not limiting their options. That said, there are ways to go to college without racking up huge debt. At the college where I worked, many students were there on scholarship and work-study was abundant.

    The random violence going on at college is disturbing, but the average college student is probably as safe as any of us are who are going about our daily rounds. Violence is everywhere; the wackos are anyone.

  2. wife of the deacon Says:


    My older daughter is not going to college; she is a senior. My younger daughter (a junior) is also planning to pursue the vet tech assistant here at the local college. My sons are a few years off from college - 8th, 6th, 5th grades - so I'm not sure what their ultimate plans will be.

    Looking forward to following your daughter's progress in VTA program!

  3. greenleaf Says:

    I agree with CB- it all depends what the end goal is and how much debt is involved. I think the problem a lot of American kids are running into now is that they just jump into a random degree without ever thinking about what their career goals are at the end, then graduate with a degree in the liberal arts and no idea how to translate that into well-paying work.

    Since her program is online, does your daughter plan to get a job while going to school? It would be good for her bank account AND her resume to come out of training with some real life work experience doing something. Even a few years waiting tables shows an employer that you've been reliable, show up to work, etc.

  4. livingalmostlarge Says:

    Third about college being more necessary nowadays. However I truly believe that kids also shouldn't go into debt too much for college. I also think kids should be allowed to wait to go to college if they don't know what they want. They shouldn't waste time or money on college and flounder. College is now what high school degrees used to be.

  5. My English Castle Says:

    Agreed with the wise heads above. It depends on maturity level and motivation too.

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