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February 26, 2015 - Blog

Could this one idea save you $190,020?

More than Money with Gene Dickison Answers:

“Could this one idea save you $190,020?”

It depends . . . do you (or someone you love and/or are responsible for) want a great college education without being in debt for the next forty (40) years?

College has become one of (if not the) largest expenditures Americans will make.  While the question of whether your son or daughter should even attend college is the subject of a completely different blog, if paying for college is even in your future wouldn’t you want to know how to get an 81.9% discount?

For the purposes of our comparison we are looking to provide our wonderful daughter with a four year degree in engineering.  While you might think this dooms you to $60,000 or more per year at a ‘name’ university.  Consider the following options:

$240,560 –  four years at one of America’s top, private, ‘name’ universities

$121,000 –  four years at one of America’s top, public, ‘name’ universities

                   $119,000 savings and a 49.7% ‘discount’

$71,720 -    four years at one of America’s top, public, ‘name’ universities satellite

                   $168,840 savings and a 70.2% ‘discount’

$43,540 -    two years at one of America’s top community colleges and two years

                   at one of America’s top, public, ‘name’ universities satellite

                   $190,020 savings and an 81.9% ‘discount’

And, at graduation, your daughter’s diploma will read Penn State.

Isn’t it better to get a great education, a diploma from a great university respected by all, and not go into crushing debt?

Comments?

Email Gene@AskMtM.com.

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