I’m in the middle of exams this week, but somehow managing to keep my head above water. If all goes well, at the end of this month I’ll know if I passed my first year of graduate school, and I’ll be on my way to having a masters in marketing.
Getting this far hasn’t been cheap however. My undergraduate degree cost me nearly $60,000, financed almost entirely through student loans. I was older than most freshman when I started my BA, almost 24 years old. And while my parents wanted to help financially, they weren’t able to contribute much beyond paying my car payment (my father) and giving me a place to stay (my mother). While I’ve gotten grants for more than half the cost of this graduate degree, my husband and I have taken out another student loan this time too.
Bearing the costs of my own education bring up all sorts of questions as to my children’s education as well. So far we haven’t been able to put any money aside for their own university costs, which whether they are in France or the US (or somewhere else entirely) are bound to be expensive (more on education in France at another time). I fully expect that they will be responsible for financing most, if not all of their own degrees.
There are many ways of paying for college. My brother has managed to finance most of his BA through a well paying summer job, financial help from his father and some student loans. The niece of my almost-aunt is heading off to school this year having to keep her mother’s finances in mind when choosing a school. Others are choosing to go to community college for a few years to defray costs a bit.
So today’s post is really more of a series of questions!
- Did you pay for your own education? If so, how?
- Have you set aside money for your children’s college degrees? Why or why not?
- What are your tips for saving money on college costs?