I gave up on blogging October expenses, because life took a sharp turn into crazy town.
Today I appreciated the extra hour, and got caught up on some things. & Finally... MM(21) received financial aid numbers and had some time to give those to me. So I am no longer in limbo wondering if his middle class grant will be $0 this year (as originally expected).
I've been waiting for this number, to update his 5-year tuition projection.
MM's expected net college costs:
$42,000 Tuition/fees** (4 Years)
+$11,000 5th Year Tuition/Fees
-12,000 Tax credits
-23,500 CA middle class grants
- 7,500 Scholarships
---------
$10,000 Net cost
**Includes $1K for one summer school class
I believe it now! 4th year grant was awarded. Interestingly, MM only got the grant because he added a double major and a 5th year of college. So this means the 5th year will mostly pay for itself. We had no idea this would be the outcome or that he would get another $7,000 grant this year. & then when we realized, I was skeptical. Until it became more official.
My degree cost $10,000. I also took 5 years. Of course, factoring inflation, MM(21) did much better than I did. The college credits and middle class grants did not exist during my college years. He will leave college with much higher pay, and so has greatly improved on the cost/benefit, compared to my own degree (which I thought was pretty darn good re: cost/benefit).
I'll do a seperate post about MM(21)'s college fund and how much I expect he will have left after college.
November 6th, 2024 at 12:55 am 1730854533
November 6th, 2024 at 07:16 am 1730877380