Thanks.
I haven't seen all the paper work, but I'm guessing they figure it costs 21K/year. All 4 UCs are offering her 16K + a low interest 5K loan for the rest. That's a good thing. + 10 tickets on the 50 for each home game, a job riding shotgun on the lawnmower, 2 cars, a new wardrobe, and invitations to go golfing with the 10 richest alumni.
She actually has a pretty good fund already. My folks gave her 50 shares of Dayton Hudson (now TGT) when she showed up. Over the last few years, I sold off 300 of them because I freaked when "all" she owned was 600 shares of TGT :>) So, she probably has enuf money to avoid loans entirely. But, and I'll put this out to all, would we be better off to take a loan and let her keep this for either grad school, or for life? Don't know the interest rate yet. Still has 300 TGT. Boy, that company ben berry berry good to my fambily. Dad started buying as Mervin's. I think the adjusted basis for her shares is like $1.00.
Oh, and I am class of '66. Tuition was $81/semester. All the way up to $121 in '66, + about $100/month for the apartment. I think the dorms were $110.
Mike |
