electronic Global Trade Credit Platform/eGTCP's Blog: Here's How They Put All Six of Their kids through School

Many families in USA should consider a tough problem that they have to send their kids to college. It goes without saying,but that’s the case--most of them have more than two and three kids.Imagine these young people seeking higher education.

That was the task at hand for Jeffry and Catherine Vecore: sending six kids to college — and taking on as little debt as possible in the process.

It was always important for the Addison Township, Mich., couple that their children finish college. “Things don't always go as you plan in life,” Jeffry says. With a degree, “they'd be able to get jobs and support themselves and their families.”

image credit: internet

Saving enough money to put a child through college can seem like an insurmountable goal. According to the College Board, in 2016-2017 tuition and fees at a public four-year college or university cost $9,650, on average. For out-of-state students that amount rises to nearly $25,000 and at private schools more than $33,000 — and that's not even including room and board.

The road to educating their children wasn’t always easy. Here’s how the Vecores tackled it, step by step:

Set limits. The Vecores decided to pay for tuition, but if the children wanted to go away to school they'd have to pay for their own room and board. Each child ended up going to school locally, so they lived at home. The Vecores also agreed to pay for each child to get a bachelor’s degree, but the children would have to pay for any additional degrees themselves.

Break the goal into manageable chunks. If one child was going to be in school, the Vecores estimated they would need to have saved roughly $13,000 for that academic year. At one point, they had three children in college at the same time, so they made sure they had at least $39,000 saved for each of those years.

Take advantage of free money. Jeffry worked for General Motors, and the company offered a $1,500 tuition reimbursement benefit that cut down the amount the Vecores had to save for each child. Also, a couple of the children received scholarships and other sources of financial aid. For example, one daughter received a $5,000 grant each year.

Increase your earning potential. They worked off-shifts, which came with premium pay and allowed Jeffry

Keep costs down.They didn’t take lavish vacations, did without expenses such as cable and they drove their cars for about 10 years before replacing them. Two of the children went to community college for the first two years before transferring to a four-year college, which kept tuition costs down.

Last but not the least,an effective way for a working family earn more money is to start their own business.Only that they don’t have to be in a big debt after sending all their children to colleague.But how about the purchasing fund?If you want to buy from China,you can apply for GTCP Card and get 10,000 USD for your business.

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