2. Turn off the main water supply for the house. Put a bucket under the drain pipe. Open the cold-water handle of the kitchen faucet and let the water drain out if you're replacing the cold valve. Drain the hot side if you're replacing the hot valve.
According to Fidelity, a family making $55,000 would need to save $48,000 to cover the qualified expenses of a public university and $107,000 to cover such costs for a private one. This translates into saving $160 a month for a public college and $410 a month for a private one.
Percent of costs you plan to cover from savings: College Savings Calculator: Help If you're not sure, we recommend that you use 35% for the percent of costs you plan to cover. Generally, most families cover their portion from 1/3 savings, 1/3 current income, and 1/3 borrowing.