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Sold Shares

January 8th, 2019 at 02:44 pm

It's that time of year again where college tuition and housing payments will be due soon. Our youngest daughter's school collects super early compared to our older daughter. I will pay hers by January 20, just six days after classes start. My older daughter started classes yesterday and her bill will not come due until February 12! I do appreciate the gap between the due dates.

I placed an order on Friday to sell shares in my youngest daughter's ESA. I mentioned before those shares are still invested in the stock market. I sold at $38.88/share in August and sold these last ones for $31.78. (Side note: I made the sale after the market closed Friday without realizing it. Just not thinking. So I had fingers crossed all weekend the market wouldn't tank on Monday.) We did have a few years where we made purchases of shares far under the latest sale price, so we are doing okay.

We are paying about $1,200 out of pocket for her tuition and books which I will be able to claim in 2019 under the American Opportunity Tax Credit. Total bill due for youngest daughter on January 20 is $6,207.20 after $3,600 in scholarships. Again this is for all fees, housing, and tuition and the books that have been charged so far.

This semester our oldest daughter's bill (without books) is currently at $8,831.26 for tuition, fees and housing. This after $8,000 in scholarships. We should have some small VA benefits left (15 days worth), but not sure what that will equate to. If I had to guess maybe another $1000 off?! Currently those benefits have not posted. We will use cash we have received from the VA for housing during Fall 2018 to pay for this spring. We will use most of her remaining ESA funds to pay the remainder amount of tuition.

So thankful to be able to make these payments with ease and to end another semester without student loans. To date we have covered with savings, current cash or had benefits and scholarships to cover tuition and housing for ten semesters of college.

4 Responses to “Sold Shares ”

  1. Beawealthywarrior Says:

    Hi there! Nothing to do with your post but wanted to let you know that Navy Federal has a 17 mth CD earning 3.25% APY. I just opened one becuase I have another one there maturing in March so I will roll those funds in there as well!

  2. creditcardfree Says:

    BAWW, you are the best! I have one coming due in March as well. I also have plenty of funds that should be earning 3.25%. Smile Thank you!!

  3. CB in the City Says:

    What a wonderful gift you are giving to your daughters -- an education without loans.

  4. rob62521 Says:

    That is terrific you have the money to pay for your daughters' education!

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