Put College Money To Work For You

August 10th, 2010 categories: Rants & Riffs

A recent Wall Street Journal online article estimated that the average college student attending a public four-year university spends approximately $8,193 per year for room and board.

Consider that students attend college for 9 months a year; this means they are spending $910 per month to pay for their housing. If a student used this money to purchase an apartment, this amount will pay for a mortgage of $170,000 (5.0% amortized over 30 years).

Proper planning may help a family reduce the cost of going to college and create the possibility of gaining a good return on investment for funds that might otherwise be used for rent only. Think about it.

SEARCH FOR YOUR HONOLULU HOME

If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.

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