I just know that I'm going to start a fire storm by posting this one. Yes, it's a lot of money and I believe in education. Nice comments only on this post! I'm posting this to help anyone that has a child going off to college, trust me I would have bookmarked this page if some had put it out there. Sending a child away to college has so many scary variables that this may help ease a bit of that. And this is the scariest part about it, the bill! This is the break down of how we are going to pay for EIU for Anna.
Side note-Den found out a few years ago that he had had a child before we got married. She was 9 when he found out. The mother didn't know who the father was so Den was not a part of her life. The child thought this other man was her father and didn't want anything to do with Den. I don't want to post about other people's lives but the mother had just had a nervous break down and the state was involved. The little girl found her little brother in bed, he had passed because of SIDS. It was a very sad and touchy situation. We let her mother take the lead, right or wrong. But the little girl had just lost her brother, her mother was not well and the only man she knew was not her father anymore and she couldn't accept it. It was a mess. And now you know just about everything about me! Once again be kind with the comments!
So here is how this first year will break down, I think. You should also know that the first year will be the year that your child gets the least amount of money. They give out more the further along they get. My guess would be is that they want to make sure that they give it to the ones that are going to stick around, I'm probably wrong so don't quote me. Anna will also qualify for scholarship money for being in the honor society but not at first. UGH!
$9400 room & board
$1800 books & misc.
It is a pretty upsetting number! But you have to remember that you have to break it down. That will help calm your stomach a bit!
-$1600 PELL grant
-$2850 IL Map grant
-$3500 Loans Anna will be taking out
So we have $12750 to go.
-$3500 She will have to work(has a job waiting) and this isn't including any $ she makes in the summer.
-$5200 Child support back
Now here is where it gets tricky! We will be getting a tax credit. My FIL is a CPA so this is an educated guess. We should be getting anywhere from $1000 to $3600 back on our taxes. He said that it should be around $2000. I'm going to try and cover the rest and I promise there will be a lot of complaining on my side. We are very blessed that my inlaws are helping too. They are going to cover what we can't until Den get s the child support back. I'm also going to clean a few extra houses. I think between everything we should have it covered. It's just looks like the first year will be a killer after that we will have the child support back and the tax refund and we should be fine. Fingers crossed.
-$2000 tax return
If I break that down by week, it's $39.42 a week I need to come up with. I just hope that my numbers are correct. Say a prayer for us and stay tuned!
Thanks for stopping over,