We started Cameron's college fund this week. The bank's software program projects that by the time Cameron is 18, it will cost almost $190,000 for him to attend UT for four years. $190,000!!! The good news is that this amount can be saved by either putting $40,000 into stocks and bonds right now and letting it grow for 18 years (not likely) or putting $400 a month into the fund for the next 18 years (at this point, still not likely but more likely than the previous scenario). Since we're hopefully talking about tens of thousands of dollars, Mike wanted to make sure that we would still be in control of the money once Cameron turns 18. We were assured that we would control the funds so that he can't go and spend all $50 in one place (I'm not kidding - we seriously started his college fund with $50!).
Thanks to the Cantrells for sending Cameron some Longhorn love all the way from NorCal! Hopefully, they picked up one for June too...
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