Middle-aged married mom looking ahead while enjoying today Well for DS2 it’s the final bill. He expects to graduate this May. The tuition & fees bill from the university is just under $11,000. Each semester we cobble together funds to pay for college so for this bill the funding looks like this:
$6200 funds from 529 account
$4200 half of scholarships received
$600 cash set aside
529: This is our last withdrawal. The account for DS2 is now closed. I like closing accounts – it makes me feel like I’m simplifying my financial life.
Scholarships: I made a deal with DS2 that if he brought scholarship money in, we’d split it. As a result, he brought in $2500 his junior year and $16,000 his senior year. I wish I’d made the deal sooner – we paid full price for his freshman and sophomore years. I’m pleased to know that he used his share to fund his Roth IRA for 2019. [Not all my boys are so responsible – this one gets it.]
Once I pay for the remainder of his rent ($500 x 6 months), food ($200 x 5 months), and electricity ($20 x 7 months), then I can say that I’m DONE with DS2’s college costs. There will probably be some graduation fees too – hopefully they are minor. Then I’ll focus attention on DS3’s upcoming costs.
Final Tuition Bill
January 17th, 2020 at 01:59 pm
January 17th, 2020 at 02:03 pm 1579269819
January 17th, 2020 at 02:25 pm 1579271117
I did just think of one more expense that may arise - books. We've been fortunate that several of the expensive books we purchased earlier have been used for subsequent classes too. We'll see.
January 18th, 2020 at 09:01 pm 1579381271
January 19th, 2020 at 08:10 pm 1579464656