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For additions or corrections,
contact:
judge@judgewyld.com
INTRODUCTION
This paper
examines the affordable college expense for a lifetime of
benefits from hard work and determination. Employers
deserve a workforce that can find a way to contribute to the
growth of their company. Your child can develop those
skills and demonstrate the character that employers want;
resourceful, hard working, long term thinking, and
appreciation of value.
Parents have had a
child's lifetime of tax breaks and college is not an
investment for society. College is an investment that the
child must make to receive the intangible priceless pride
that lives with them the rest of their lives.
Society will pay
children an adult wage for their adult skills. There is no
reason to put the burden on taxpayers without children, some
of which can't medically have children due to no fault of
their own. Why add insult to injury by penalizing the
child-less because bad parents didn't teach their children
to work for their advanced education.
C-SPAN REPORTED
THAT THE AVERAGE GRADUATING SENIOR IS ABOUT 22K$ IN DEBT.
Is that an issue? The price of a new car loan is too much to
pay for a lifetime benefit of a college education? No.
A small personal debt is not too much. That is
Affordable. That is Worth it. That is not a crises that
means we need to tax others for others' kids.
THE FACTS AND
DATA COME FROM FREELY AVAILABLE
DATA POSTED
ONLINE FROM PUBLIC STATE UNIVERSITIES
Listen to the
discussion of this spreadsheet at
www.blogtalkradio.com/judgewyld.
or try
www.youtube.com/judgewyld and search for college expenses.
It's passionate and
it's a good listen.
|
Work Savings |
|
|
|
|
|
High School Yr |
Summer |
|
|
|
Mths/yr |
8 |
4 |
|
|
|
hrs/wk |
20 |
60 |
|
|
|
wks/mth |
4 |
4 |
|
|
|
dllrs/hr |
4 |
4 |
|
|
|
pocket $/yr |
2560 |
3840 |
In Bank/Yr |
6000 |
|
Expense/yrs |
|
400 |
Years |
3 |
|
|
|
|
Dollars |
18000 |
|
|
|
|
|
Money Saved During High School |
|
|
|
|
|
|
| |
|
|
|
|
| |
College Yr |
Summer |
|
|
|
Mths/yr |
8 |
4 |
|
|
|
hrs/wk |
24 |
65 |
|
|
|
wks/mth |
4 |
4 |
|
|
|
dllrs/hr |
6 |
8 |
|
|
|
pocket $/yr |
4608 |
8320 |
In Bank/Yr |
12128 |
|
Expense (Summer at parents) |
800 |
Years |
4 |
|
|
|
|
Dollars |
48512 |
|
|
|
|
|
Money Saved During College |
|
|
|
|
|
|
|
|
|
|
Total Money Avail for College |
66512 |
|
|
|
|
|
|
|
|
|
|
Money Avail Per Year |
|
|
|
Years |
4 |
$16,628 |
| |
|
|
|
|
|
College Expenses |
|
|
|
|
|
|
|
Published Tuition & Fees |
$4,899 |
|
|
|
|
Books & Supplies |
$2,592 |
|
|
|
|
On-Campus – Room & Board |
$6,738 |
|
|
|
|
College Cost Per Year |
$14,229 |
|
|
|
|
|
|
|
|
|
|
Total 4 Yr College Expense |
$56,916 |
|
|
|
|
|
|
|
Discretionary Spending |
|
|
|
|
|
|
|
|
|
|
|
|
|
On-Campus – Other Expenses |
$3,990 |
|
|
|
|
Off-Campus w/out Family – Other Expenses |
$3,990 |
|
|
|
|
Off-Campus with Family – Room & Board |
$1,702 |
|
|
|
|
|
|
|
|
|
|
Total 4 Yr Discretionary Money Avail |
$9,596 |
|
|
|
|
|
|
|
|
|
|
Available for Discretionary Spending Per Year |
$2,399 |
|