savings bonds?

forgeblast · Jan 15, 2014

There's no such thing as a free lunch. If I remember my Heinlein correctly that on the flag of the moon.

With online learning, I see it as pushing a lot of professors to part time status, or even one time payments(ie consultant) to develop a class. Once the class is developed and the mod (learning modules shot on video) created, t.a's (teacher assistants) can do the grades. That is the way my program works. Which means for a university, they can run the class every semester, even intersession and only have to pay a t.a. or even tie it into their scholarship/grants.
My online program isn't free, it cost the same, except I do not have to pay a facilities fee.
The udicity program give you free access to their courseware, but for a select number of courses you can enroll in the full course experience. This gives you access to projects, code-review and feedback, a personal coach, and verified certificates.
from https://www.udacity.com/faq
The price varies depending on the course. All prices are given per month. You can find the price on the Course Overview page along with an estimate for how long the course will take to complete.

smstonypoint · Jan 15, 2014

forgeblast said:
The udicity program give you free access to their courseware, but for a select number of courses you can enroll in the full course experience. This gives you access to projects, code-review and feedback, a personal coach, and verified certificates.

Do any accredited colleges/universities accept these courses for transfer?

Steve

nc redneck · Jan 15, 2014

I bonds are tax deferred for 30 years. They can be used for collage cost tax free if you meet income requirements. US Treasury offers a free program called bond wizard. It keeps track of all of your bonds by serial number and interest. They can be replaced in case of fire or lost. Great program I have been using it for years.

forgeblast · Jan 16, 2014

A First for Udacity: Transfer Credit at a U.S. University for One of Its Courses - Technology - The Chronicle of Higher Education It appears a university in Colorado as well as university's in Germany and Austria accept their credits.

Soundguy · Jan 16, 2014

smstonypoint said:
My point is that it is prudent to save for the education of your children (or grandchildren) regardless of whether that education is obtained at a "bricks and mortar" institution or via "online" education.

Steve

ahh.. so.. the answer is likely 'no' then.

smstonypoint · Jan 16, 2014

Soundguy said:
ahh.. so.. the answer is likely 'no' then.

That would be my guess.

Steve

dmccarty · Jan 16, 2014

bigtiller said:
I think it was Clark Howard on HLN news that said, if $5000 were invested in the mutual funds at birth, that child could retire a millionaire. I have been patently waiting for a chance to do that but no grand kids yet. Lucky you, congratulations!!

One simple rule of investing, is that money invested in the stock market, should double every seven years.

So $5,000 invested when a child was born would be around $40,000 at age 21.

If that money was used for retirement, and the child retired at age 63, the money would double nine times and it would grow from $5,000 to around $2.5 million. At least if I did my math right! :laughing::laughing::laughing: Think how solvent the US government would be if they just setup an account with $5,000 for each child born in the US to be used for the child's retirement. It would be far cheaper...

Later,
Dan

smstonypoint · Jan 16, 2014

dmccarty said:
One simple rule of investing, is that money invested in the stock market, should double every seven years.

.

Using the rule of 72, that equates to an annual rate of 10.29% (rounded). The exact rate is 10.41% (rounded).

So $5,000 invested when a child was born would be around $40,000 at age 21. If that money was used for retirement, and the child retired at age 63, the money would double nine times and it would grow from $5,000 to around $2.5 million. At least if I did my math right!

$2.56M to be more precise -- assuming no income taxes.

I like finance.

Steve

MossRoad · Jan 17, 2014

smstonypoint said:
.

Using the rule of 72, that equates to an annual rate of 10.29% (rounded). The exact rate is 10.41% (rounded).

$2.56M to be more precise -- assuming no income taxes.

I like finance.

Steve

Now figure it if you put $20 a week in (about a thousand per year) from day one until the kid turns 18, then add no more and see what the kid has at ages 30, 40, 50, 60 and 70.