School Report - Parents Save for Kids' College Costs

1 decade 1 year 2 months ago Friday, June 02 2006 Jun 2, 2006 Friday, June 02, 2006 8:36:37 AM CDT June 02, 2006 in News

"It was more of what can we afford to do rather than how much did we need," explained Libby Hrbovsky, "because, I think, we both felt like there was no way to save for as much as we would eventually need to put three kids through college."

The Hrbrovskys also have four-year-old Sam, with Isabelle on the way.

"I don't think that a working-class family can save enough, especially for three kids, to pay for everything," Libby added. "I think what we're doing now we consider trying to get a head start on it."

Zoey's parents will save thousands of dollars for her education. But, with tuition increasing every year, will that be enough?

For this academic year, the average in-state tuition for a Missouri four-year public institution is $5,811. If you take the average yearly tuition increase from the past 10 years and add that percent increase to each year from now to Zoey's freshman year, you come up with an average tuition of $15,000 or $60,000 for four years of college. The Hrbrovskys plan to continue saving $150 per month for each child for 18 years, which will total about $32,000, only about half of what they'll need.

"I think we've all seen projections on what school's going to be in 10 years or 15 years," admitted Libby, "and it's a bit scary to see those big dollar figures come up."

Libby and her husband, Loren, also spend time and money studying for their own classes.

"He's in an undergraduate program now and I'm starting a graduate program, so we're paying out of pocket for that," explained Libby. "Plus, we're saving. So, once we get the old student loans taken care of and our current schooling taken care of, that's when we'll move on and hopefully bump up their savings as well."

The Hrbrovskys hope teaching kids about college now will help them grow into hard-working students.

"I just hope they do well in school and they see the importance of school and find something that makes them happy in that whey can make a good living at and do for the rest of their lives," Libby said.

More News

Grid
List
THEODOSIA (AP) — Authorities have confirmed that burned human bones found on a rural southwest Missouri property are those of... More >>
1 hour ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 10:08:00 AM CDT August 22, 2017 in Continuous News
ST. LOUIS (AP) — The Latest on Missouri's planned execution of inmate Marcellus Williams (all times local): 10:40 a.m.... More >>
5 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 6:30:00 AM CDT August 22, 2017 in Top Stories
COLUMBIA — Thousands of people traveled to Columbia and the surrounding cities to view a once in a lifetime event,... More >>
9 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 2:28:00 AM CDT August 22, 2017 in News
COLUMBIA - The Columbia City Council met Monday to get rid of a proposal for a contracted event designed to... More >>
13 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 10:04:00 PM CDT August 21, 2017 in News
JEFFERSON CITY - The general public listened to the proposed 2018 Jefferson City Fiscal Budget for the first time at... More >>
16 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 7:56:00 PM CDT August 21, 2017 in News
FULTON - A car theft in Fulton led to a wreck that left three hospitalized Monday afternoon. According to... More >>
16 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 7:04:00 PM CDT August 21, 2017 in News
COLUMBIA - Construction workers are wrapping up the building expansion on the Columbia Boys and Girls Club. The Boys... More >>
16 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 7:04:00 PM CDT August 21, 2017 in News
COLUMBIA - Columbia’s city council held its first of three public hearings for the fiscal year 2018 Annual Budget Monday... More >>
17 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 6:08:00 PM CDT August 21, 2017 in News
JEFFERSON CITY – Jefferson City eclipse events officially ended Monday evening and, according to Jefferson City Convention and Visitors Bureau... More >>
18 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 5:53:00 PM CDT August 21, 2017 in Continuous News
COLUMBIA - Gasps and cheers went up from crowds from around the world gathered across mid-Missouri for the total solar... More >>
20 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 3:44:00 PM CDT August 21, 2017 in News
JEFFERSON CITY - The total solar eclipse lasted for only a few short minutes, but the anticipation of the rare... More >>
20 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 3:39:00 PM CDT August 21, 2017 in News
BOONVILLE – Eclipse viewers gathered at the Boonville Airport to watch the total solar eclipse in a point of 100... More >>
20 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 3:28:00 PM CDT August 21, 2017 in News
COLUMBIA - The University of Missouri began classes Monday with the second highest retention rate in the university's history, according... More >>
20 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 3:27:00 PM CDT August 21, 2017 in News
COLUMBIA - Viewers throughout mid-Missouri sent in photos and video documenting the solar eclipse that swept across the state Monday.... More >>
21 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 2:57:00 PM CDT August 21, 2017 in Eclipse Events
ST. JOSEPH (AP) — Two men face felony charges after shots were fired at police during a vehicle pursuit in... More >>
22 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 1:55:15 PM CDT August 21, 2017 in News
CHILLCOTHE (AP) — Authorities are investigating after an officer was involved in a shooting in northern Missouri. The St.... More >>
22 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 1:43:00 PM CDT August 21, 2017 in News
KANSAS CITY, Mo. (AP) — Authorities are investigating after an off-duty officer was killed and a woman was wounded at... More >>
22 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 1:31:00 PM CDT August 21, 2017 in News
LEE'S SUMMIT (AP) — Police in suburban Kansas City are on the hunt for a man accused of stealing a... More >>
22 hours ago Monday, August 21 2017 Aug 21, 2017 Monday, August 21, 2017 1:19:00 PM CDT August 21, 2017 in News
Columbia, MO
Broken Clouds 73°
1pm 79°
2pm 80°
3pm 80°
4pm 80°

Select a station to view its upcoming schedule:

Coming Up Next

12:00p
KOMU 8 News @ Noon
12:30p
Inside Edition
1:00p
Days of Our Lives
12:00p
Jerry Springer
1:00p
Maury
2:00p
Judge Alex

Tonight's Schedule

7:00p
America's Got Talent
9:01p
Hollywood Game Night
7:00p
The Flash
8:00p
DC's Legends of Tomorrow
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld