no extra money for 529. is my kid doomed?

[Anonymous]

If you define doomed as not being full pay at a private SLAC that costs $80,000 per year with the luxury of taking 5-6 years to graduate, then yes, doomed. Otherwise, no, there will be many ways to get a solid college education.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Loans are not a death sentence, especially if you keep them under 50k, graduate, and major in a field that will guarantee you a job after college. Ask me how I know!

Agreed---but if you choose to/need to take them, you must realize that your goal should be to pay them off ASAP. So continue to live like a frugal college student until they are paid off. No new fancy cars, no luxury apartment rentals, etc. Your life will be so much better once you get rid of that debt, so buckle down and pay it off fast.

I don't think a college kid can borrow 50k without parents co-signing.

They cannot. However, even the max $27K in federal loans can be a burden. IMO, if you take loans you need a plan, and that plan should include paying them off as fast as possible. So the easiest way to do that is to continue living frugally like a college student, with roommate/in a crappy apartment/house, keep that beater car, and focus all extra $$$ on paying off the loans. Then you can truly begin to live like an adult. And that extra $500+ per month will be more appreciated.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What is your hhi?

about 90k

Push your kid hard and hope they can get into a school where that HHI means 100% covered by grant aid

[Anonymous]

Anonymous wrote:What about state school? It's cheap in MD and VA. Especially if kid commutes.

At that HHI, state schools will cost more than privates meeting full demonstrated need through grants

[Anonymous]

Anonymous wrote:

Anonymous wrote:What about state school? It's cheap in MD and VA. Especially if kid commutes.

At that HHI, state schools will cost more than privates meeting full demonstrated need through grants

This is a careless statement. There's no one-size-fits all situation. Pick your words carefully.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What about state school? It's cheap in MD and VA. Especially if kid commutes.

At that HHI, state schools will cost more than privates meeting full demonstrated need through grants

Exactly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What about state school? It's cheap in MD and VA. Especially if kid commutes.

At that HHI, state schools will cost more than privates meeting full demonstrated need through grants

This is a careless statement. There's no one-size-fits all situation. Pick your words carefully.

at a 90k hhi, most of the ivy league is literally free and some schools will be free and give you a stipend. What public school is that cheap at a 90k hhi?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What is your hhi?

about 90k

Push your kid hard and hope they can get into a school where that HHI means 100% covered by grant aid

Tell us what school that is. My HHI is around $81k and while my son got great aid, I still have a lot to pay OOP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What about state school? It's cheap in MD and VA. Especially if kid commutes.

At that HHI, state schools will cost more than privates meeting full demonstrated need through grants

This is a careless statement. There's no one-size-fits all situation. Pick your words carefully.

at a 90k hhi, most of the ivy league is literally free and some schools will be free and give you a stipend. What public school is that cheap at a 90k hhi?

But it’s meaningless that Ivy Leagues are free for 90k HHI. You’re talking about a relatively small amount of people who benefit from this each year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What is your hhi?

about 90k

Push your kid hard and hope they can get into a school where that HHI means 100% covered by grant aid

Tell us what school that is. My HHI is around $81k and while my son got great aid, I still have a lot to pay OOP.

Can you share where he is going/how much you are paying?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What about state school? It's cheap in MD and VA. Especially if kid commutes.

At that HHI, state schools will cost more than privates meeting full demonstrated need through grants

This is a careless statement. There's no one-size-fits all situation. Pick your words carefully.

at a 90k hhi, most of the ivy league is literally free and some schools will be free and give you a stipend. What public school is that cheap at a 90k hhi?

Who says OP’s kid can get into ivy?

[Anonymous]

Anonymous wrote:

I have numerous friends and family that went to military academies because they couldn’t afford college. They graduated with no debt and all have high paying jobs today.

Gross.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What is your hhi?

about 90k

Push your kid hard and hope they can get into a school where that HHI means 100% covered by grant aid

Tell us what school that is. My HHI is around $81k and while my son got great aid, I still have a lot to pay OOP.

That pp’s talking with her a$$ the entire thread.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What about state school? It's cheap in MD and VA. Especially if kid commutes.

At that HHI, state schools will cost more than privates meeting full demonstrated need through grants

This is a careless statement. There's no one-size-fits all situation. Pick your words carefully.

at a 90k hhi, most of the ivy league is literally free and some schools will be free and give you a stipend. What public school is that cheap at a 90k hhi?

But it’s meaningless that Ivy Leagues are free for 90k HHI. You’re talking about a relatively small amount of people who benefit from this each year.

OP's kid has time. If they want to attend a great school, they better do very well, otherwise it's state school and debt. It's a messed up system where they best schools are also the cheapest, but it's the system that we have

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What about state school? It's cheap in MD and VA. Especially if kid commutes.

At that HHI, state schools will cost more than privates meeting full demonstrated need through grants

This is a careless statement. There's no one-size-fits all situation. Pick your words carefully.

at a 90k hhi, most of the ivy league is literally free and some schools will be free and give you a stipend. What public school is that cheap at a 90k hhi?

But it’s meaningless that Ivy Leagues are free for 90k HHI. You’re talking about a relatively small amount of people who benefit from this each year.

OP's kid has time. If they want to attend a great school, they better do very well, otherwise it's state school and debt. It's a messed up system where they best schools are also the cheapest, but it's the system that we have

What don't you just STFU idiot.