Cannot afford private colleges, but want to attend

You say your parents have enough saved to pay for a private college for two years? For easy math sake…let’s say they have $100,000 saved ($50,000 per year)

The OOS cost at Missouri which has a great journalism program…is $37,000 a year.

Multiply that times four, and you get $148,000 for the four years at Mizzou.

But wait…YOU can take $5500 in loans for freshman year.

So…of your parent $100,000 in college savings…you have $25,000 per year…right? If you divide by four.

So…$25,000 plus the $5500 Direct Loan is now $30,500. If you get a job…that will be another $2000 a year. So $32,500. At Mizzou, you would need a $6000 or so merit award to make it work.

The OOS cost of attendance at Ohio University in Athens OH is about the same amount.