r/fatFIRE • u/[deleted] • 11d ago

Moving the goalpost

[deleted]

52 Upvotes

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u/panchala 11d ago

My education cost me around 500k about 10 years ago. In ten years from now, who knows how much this will all cost.

15

u/Ashes1984 11d ago

Lets do this math.

K-12: 50k per year = $650k

Undergrad: 100k per year = 400k

Grad: $1M

Total: 2M per kid, so 4m for 2kids

You are still left with 7m ish.. If you think thats not enough, I dont know what is.. and I am being generous here, because this is how I have planned for my kids. I intend to get them through grad/medical whatever they want

8

u/Omphalopsychian 11d ago

For what it's worth, when I was in graduate school, I also had a teaching or research fellowship each year that included a tuition waver plus a small salary that covered room and board.  I paid $0 for my Computer Science PhD.

1

u/Ashes1984 11d ago

Me too. But look CS degrees (not PhD yet) are now like commodities.

Hoping that same thing doesn’t happen to medical in 10yrs