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MM(21) Tuition Update

November 4th, 2024 at 03:54 am

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.

2 Responses to “MM(21) Tuition Update”

  1. rob62521 Says:
    1730854533

    That's good news!

  2. Tabs Says:
    1730877380

    Haha well, if it makes you feel any better, my budget has also completely blown up the last couple of months. It's insanely bad and I'm too embarrassed to talk about it in detail.

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