You can spend that much on a really bad school as well.
A lot of that is living expense. Paradoxically, some of the most expensive places to live are college towns of state flagships. And wages there are not that great. I was shocked at the gap between income and outgo at Penn State.
Your son should plan to live with studious, frugal people. Cheap recreation only, and no car.
Tons. Here's my favorite:
-- My liberal friends think I'm a conservative kook. My conservative friends think I'm a liberal kook. Why am I not happy that they have found common ground? Tim Wescott, Communications, Control, Circuits & Software http://www.wescottdesign.com
Or a lot less on a good school.
A lot of parents at AU buy their kids condos (or let them use their football Saturday digs), then sell them after graduation. When more than one sibling attends the same school it gets particularly attractive.
You want it all! ;-)
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