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"GI Bill" type plan to pay for college

GPA based plan

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.)