Virginia Linn/Sept. 30, 2008
My department at the Post-Gazette was coordinating a series of vignettes today about how regular Pittsburghers were handling the near-collapse of the markets this week. We picked out people from different demographics who might be feeling the anxiety more than others -- retirees, homeowners trying to sell their homes, social service agencies and parents with kids going off to college.
We found one Mt. Lebanon mom who had two kids in college with another, her 17-year-old son, heading to college next year -- Yikes!
I, too, have a 17-year-old heading to college next year. We've been socking money away for years in a 529, but who knows what's going to be left by the time she's ready to go? All the same, she's going to continue to move forward to send out a few applications (just the application fees can be pricey!) and hope for the best. We've got probably nine months before we have to start writing those BIG checks, so I'm hoping the market will rebound by then, and not take the 10 years that some eonomics predict it will take to get back on track.
Are you in the same boat? How are you preparing for your child's college?
Read the complete post at http://pittsburghmom.com/blogs/teenangst/archive/2008/09/30/college-on-the-horizon-amid-financial-chaos.aspx
Posted
Sep 30 2008, 10:03 PM
by
Teen Angst