Reply to No financial aid for middle class at public college???

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[quote=Anonymous]A couple of things, OP.  First, you aren't  "middle class."  I know you feel like you are living pay check to paycheck, but $200k annual income is definitely Not middle  class.

Second, it sounds like you and your spouse had a LOT of education debt and that all your extra money was going toward that for the last 15+ years.  As a result, you weren't saving a lot for your double whammie kids' college expense.  I guess you essentially were passing on the same situation to your kids...they will take out loans and be paying tjose iff instead of saving college money for their kids!  Of course, the wsy to break the cycle is to reduce how much rhe kids spend on college.  If they are good students, they would be great candidayes for the guaranteed admission programs where kids do the first 2 yrs at local community colleges.

Then, your kids can get a part time job.  And perhsps live at home while in college.  I think it all depends on how much debt you want your kids to take on, and how much debt you want to take on their behalf.  The smart move is to get them a degree with the least debt posdible.  That would give them the financial freedom you didn't have...and still don't.

Other people take out home equity loans, but sounds like you don't have much equity.  It's unfortunate that you were using your HHI to pay off your own educationsl debt all these years...but, money can only be spent once...your educational choices precluded saving for your twins.  Time to get frugal...or add more debt burden to you or pass it to your kids.  Your choice. [/quote]

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