What is the current value of a USNA education?
This figure is needed for my school's guidance department.
From posts years ago, I see 350-425k as a common range.
Is there a more current number given by USNA or cited by the media?
At first I was wondering why they wqould need that, but then it occurred to me they must be preparing to total up the amount of scholarships received by the student body.
It's priceless. Already, as a plebe, DS has had the opportunity to shake hands with the Commander of the Joint Chiefs of Staff, high five the Secretary of Defense at a football game, speak about his experience at USNA to a room full of high school counselors from around the country, and listen to any number of incredible speakers at various lectures and forums. I can only imagine the opportunities that will present themselves over the next three years!
I recall that elite private universities that charge about $42,000 for tuition/fees this year point out on numerous occassions that "full tuition" does not come anywhere near the true cost of providing that education... that is, the cost of maintaining the entire University (net of Gov't and Private sector contracts, subsidies, etc.) divided by the number of students in attendance. So, just for fun, le's say the true, fully loaded cost of providing an education at a 4,500 student school is $90,000 per student, per year.
That's the number the Service Academies may use as a start, then throw in room and board which averages $12,000 x 4 = $48,000.
That brings us to $408,000.
Or, you could ask the question differently: what does the next best alternative in the open market cost... say a Colgate, Notre Dame, Davidson, or an Ivy. Then the answer would be about $250,000, assuming the student does not receive any Merit or Need-Based monies.
What is the current value of a USNA education?
This figure is needed for my school's guidance department.
From posts years ago, I see 350-425k as a common range.
Is there a more current number given by USNA or cited by the media?
Is there any current number?What is the current value of a USNA education?
This figure is needed for my school's guidance department.
From posts years ago, I see 350-425k as a common range.
Is there a more current number given by USNA or cited by the media?
The IRS has special exceptions for withdrawing 529 money when your child attends an SA. You will be required to pay the tax on the gains but there is no penalty. You can also pay off your DD's ACE loan with it and avoid paying any taxes on that portion. FYI, it is not all deducted from the gains.Is there any current number?
Looking to withdrawal part of my daughter's 529 plan and the IRS says that we need to keep this in our records to make sure that meet their guidelines.
.Is there any current number?
Looking to withdrawal part of my daughter's 529 plan and the IRS says that we need to keep this in our records to make sure that meet their guidelines.