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Spring Tuition and Housing

November 3rd, 2016 at 11:13 am

I've left a tab open on my computer for weeks to remind me to calculate my daughter's expected spring tuition, fees and housing. She signed up yesterday officially, so I finally took the plunge and started calculating.

She is taking 17 credits. Three of those are an online class, which is a bit cheaper than classroom learning by almost $500 a class. Tuition and fees are $12,726.75, but she has $7,250 in scholarship money. So we will owe out of pocket $5,476.75. Our estimated tax refund is $1375. I may not have that back when the bill is due February 12, but it can be counted on to cover the cost we take from savings. That means I need to find $4101.75 to make the payment. We do have the cash, but I would like to accumulate and cash flow that money as much as possible by February 12.

And the housing due for the spring semester is $5.015.65. She does get $353 discount because she is a second year student in the same dorm. That amount is $4662.65. We will use money we have in her education account to cover this. After this withdrawal we will have just under $5K left in her education account. We could use this for the tuition above, but expect we may want that for her final semester or some summer classes.

The goal is to finish school without loans if possible. It sure helps that our expenses are low and we don't have debt. We do have the Post 911/GI Bill benefit we expect to use starting Fall 2017. We will owe just a little for housing each semester, maybe $1000, plus some books.

4 Responses to “Spring Tuition and Housing”

  1. Jenn Says:

    It sounds like you're in good shape!

  2. LivingAlmostLarge Says:

    Wow amazing job. Will you be able to do the same for the second daughter?

    Your daughter is doing it pretty cheaply right? But without scholarship how much would everything be per year? And total cost for 4 years? How much is it total cost OOP with scholarship but not counting GI bill? So if a normal family had to pay non military?

    How much did you have in her education account?

  3. alice4now Says:

    Sounds like a well thought out plan to get your girl through college without loans!

  4. CB in the City Says:

    Kudos to you! One thing my ex did right -- he paid out of pocket so our sons would not have loans to pay back.

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