no extra money for 529. is my kid doomed?

[Anonymous]

Our family is struggling financially. We have never put aside money for college as we can't break even, leaving paycheck to paycheck, with significant credit card debt. Is our child doomed as in he won't be able to attend college? How much student debt do people in our position incur usually? How much student debt is too much?

We have an acquaintance whose kid is still not in college three years after high school and while it is the only case in our circle, it just scares me.

So my question is really for those who didn't/don't have enough money for the kids to go to college. What are the options available?

[Anonymous]

a lot go to CC for two years then transfer or stop.

[Anonymous]

What is your hhi?

[Anonymous]

Anonymous wrote:a lot go to CC for two years then transfer or stop.

? not sure I understand

[Anonymous]

Anonymous wrote:What is your hhi?

about 90k

[Anonymous]

Anonymous wrote:

Anonymous wrote:a lot go to CC for two years then transfer or stop.

? not sure I understand

Many kids go to community college for two years and then transfer to a 4 year university for the last two years. OR they stop after two years of community college.

[Anonymous]

Honestly your life just isn’t working. It’s time for a big come-to-Jesus and probably relocation to a lower COL area.

Georgia has an amazing program for qualified in-state students to attend for free. Something to consider.

[Anonymous]

Anonymous wrote:

Anonymous wrote:a lot go to CC for two years then transfer or stop.

? not sure I understand

I'm not this poster, but they are saying that your child can go to two years of community college pretty cheaply. He can then transfer his credits to a 4 year university to get a bachelors or he can stop there with just his associates degree.

If your friend's kid isn't in school, it's not likely because of money....just a lack of creativity.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What is your hhi?

about 90k

you could probably get some FA at that income level.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What is your hhi?

about 90k

You will qualify for a full ride from all top tier schools like ivies with this hhi. Just pick any top 50 private school and check qualifications for their financial aid. It is all need based.

[Anonymous]

Here is for example a statement from Harvard

We are pleased to announce that beginning in the 2023-24 academic year, families with annual incomes of up to $85,000 (up from $75,000) will be expected to contribute nothing to the cost of their child's education

[Anonymous]

Anonymous wrote:Here is for example a statement from Harvard

We are pleased to announce that beginning in the 2023-24 academic year, families with annual incomes of up to $85,000 (up from $75,000) will be expected to contribute nothing to the cost of their child's education

All you have to do is make sure kid is accepted at Harvard. Problem solved.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What is your hhi?

about 90k

You will qualify for a full ride from all top tier schools like ivies with this hhi. Just pick any top 50 private school and check qualifications for their financial aid. It is all need based.

Do you make ninety thousand dollars and have you gone thru the college admissions process? Your statement is overly broad and misleading.

[Anonymous]

That's good news, of course, but not sure if that helps when admission rates are already very low.

I was thinking more about medical school. Do medical schools provide fa, or is it all student loan based?

[Anonymous]

Anonymous wrote:That's good news, of course, but not sure if that helps when admission rates are already very low.

I was thinking more about medical school. Do medical schools provide fa, or is it all student loan based?

Loan no FA like colleges