This plan is simpler. You can adjust the one variable
and all the payouts go up or down, so you can see what you can afford at a glance. If the kids need a little prepayment to
prime the pump (like getting tuition paid), there is a way to do that in the middle. At the bottom is some business about
living at home or not. May want to work on that a bit. This plan is still a first draft, but I am thinking to offer it as
an option next semester.
GPA based system for paying for college(new version of the "GI bill")
Just a fat
phat paycheck when grades come. GPA bonus times a multiplier for GPA, parent
pleasing, pay prospects, and keeping good habits.
GPA bonus
$30
(this variable drives the whole table)
Multiplier is 1 to 13. GPA is 0-4, parent
pleasing 0-3, pay prospects 0-3, and healthy/wealthy/wise is another 0-3. Add
up for multiplier.
Paycheck if multiplier is:
Semes-ter
units
1
2
3
4
5
6
7
8
9
10
11
12
13
Tuition
$15/unit loan max
1
$30
$60
$90
$120
$150
$180
$210
$240
$270
$300
$330
$360
$390
$83
$15
2
60
120
180
240
300
360
420
480
540
600
660
720
780
166
30
3
90
180
270
360
450
540
630
720
810
900
990
1,080
1,170
249
45
4
120
240
360
480
600
720
840
960
1,080
1,200
1,320
1,440
1,560
332
60
5
150
300
450
600
750
900
1,050
1,200
1,350
1,500
1,650
1,800
1,950
415
75
6
180
360
540
720
900
1,080
1,260
1,440
1,620
1,800
1,980
2,160
2,340
498
90
7
210
420
630
840
1,050
1,260
1,470
1,680
1,890
2,100
2,310
2,520
2,730
581
105
8
240
480
720
960
1,200
1,440
1,680
1,920
2,160
2,400
2,640
2,880
3,120
664
120
9
270
540
810
1,080
1,350
1,620
1,890
2,160
2,430
2,700
2,970
3,240
3,510
747
135
10
300
600
900
1,200
1,500
1,800
2,100
2,400
2,700
3,000
3,300
3,600
3,900
830
150
11
330
660
990
1,320
1,650
1,980
2,310
2,640
2,970
3,300
3,630
3,960
4,290
913
165
12
360
720
1,080
1,440
1,800
2,160
2,520
2,880
3,240
3,600
3,960
4,320
4,680
996
180
13
390
780
1,170
1,560
1,950
2,340
2,730
3,120
3,510
3,900
4,290
4,680
5,070
1,079
195
14
420
840
1,260
1,680
2,100
2,520
2,940
3,360
3,780
4,200
4,620
5,040
5,460
1,162
210
15
450
900
1,350
1,800
2,250
2,700
3,150
3,600
4,050
4,500
4,950
5,400
5,850
1,245
225
16
480
960
1,440
1,920
2,400
2,880
3,360
3,840
4,320
4,800
5,280
5,760
6,240
1,328
240
17
510
1,020
1,530
2,040
2,550
3,060
3,570
4,080
4,590
5,100
5,610
6,120
6,630
1,411
255
18
540
1,080
1,620
2,160
2,700
3,240
3,780
4,320
4,860
5,400
5,940
6,480
7,020
1,494
270
19
570
1,140
1,710
2,280
2,850
3,420
3,990
4,560
5,130
5,700
6,270
6,840
7,410
1,577
285
20
600
1,200
1,800
2,400
3,000
3,600
4,200
4,800
5,400
6,000
6,600
7,200
7,800
1,660
300
21
630
1,260
1,890
2,520
3,150
3,780
4,410
5,040
5,670
6,300
6,930
7,560
8,190
1,743
315
There
is a huge advantage to financing your own tuition and living expenses.
(It will add
up to making about 70% per year on money you invest in your education.)
Advances
against the eventual paycheck MAY be allowed, assuming things look good, and
will cost you big interest, of .2% (simple) per day.
Example:
$1,000 for tuition, say 150 days from grade report, will take 30% interest, =
$300 + the $1,000 = $1,300 off your paycheck.
Max on loans
is tuition and $15/unit/month for general living expenses.
Living at home
You are
welcome to live at home and save rent and food expenses, but you will be
knicked severely on the parent pleasing
if you don't conduct
yourself fairly well.
For example,
let's say you are going for 9 units.
If you are
living on your own, to get a good score on parent pleasing all you have to do
is visit, be cool, etc. about once a week.
But if you
are living at home, to get the same score you'd have to be pretty reasonable
all the time.
Plus help
around the house and yard, etc.
For
our example, the part of the multiplier score for parent pleasing, let's say
3, at 9 units is $810, or about $200 a month for 4 months.
In a sense
you would lose that if you lived at home as a slob (got a zero in parent
pleasing).
However, you
could still be a net saver. If the living expenses you were saving were about
$400 mo (rent and food), and you only lost $200
for your lack
of parent pleasing, you would still be a net saver.
Of course,
the system is set up to encourage what we would rather see:
You live at
home as a golden example of responsibility, and save your living expenses
($400 a month) and get a fine bonus ($200 a month).
(Put another
way, we parents are quite pleased if you are living on your own. If you are
living with us, it should be
to learn how
to be a very considerate family member / roommate, and be working / studying
hard.)
Dates - Spring grades are posted on internet quickly - by about
5/15. Fall is before Christmas, about 12/18?
They do not
mail grades. (Mary gets me a printout.)