So i don't know how much you know about Australia but in the past (and present) we have had government subsidised education (university level) so we can afford to study and get a degree without spending $50,000-$100,000 (or more) to attend uni but now according to our new budget this could all be over as of 2016 and universities will be able to set their own fee's for their courses rather than the government and tax payer money going towards subsidies for it.
i do not agree with this idea but it is neither here nor there because there is nothing i can do for it other than prepare. When Felix, Alegra and Mikaela were born i opened each of them a bank account which i planned to give them access to when they turned 18, but now i am thinking that this money would be better spent on their educations. the problem is that i have only been putting $10 per week in which is really all i can afford and their grandmother has put in $100 every year for their birthday's (but i can't real yrely on her to do this forever). so Felix for example is now nearly 7 and his balance is $4,340 and if i continue to put money in at this rate he should have just over $10,000 (or $11,160 if my mum keeps giving money as presents) by the time he turns 18 but this doesn't seem like enough.
So, to the people who live in America and have had to deal with this education system already; what can you tell me about what i am supposed to do? what do you do to try to benefit your children's further education? i don't want to rely on a scholarship and leave them with no way to attend university without facing a bill that will loom over them their entire lives. i would at least like to be able to pay enough of it the bill that it becomes manageable for them
TIA
i do not agree with this idea but it is neither here nor there because there is nothing i can do for it other than prepare. When Felix, Alegra and Mikaela were born i opened each of them a bank account which i planned to give them access to when they turned 18, but now i am thinking that this money would be better spent on their educations. the problem is that i have only been putting $10 per week in which is really all i can afford and their grandmother has put in $100 every year for their birthday's (but i can't real yrely on her to do this forever). so Felix for example is now nearly 7 and his balance is $4,340 and if i continue to put money in at this rate he should have just over $10,000 (or $11,160 if my mum keeps giving money as presents) by the time he turns 18 but this doesn't seem like enough.
So, to the people who live in America and have had to deal with this education system already; what can you tell me about what i am supposed to do? what do you do to try to benefit your children's further education? i don't want to rely on a scholarship and leave them with no way to attend university without facing a bill that will loom over them their entire lives. i would at least like to be able to pay enough of it the bill that it becomes manageable for them
TIA
