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College and University Discussion
Reply to "Best strategy to pay college for 3 kids"
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[quote=Anonymous][quote=Anonymous]Quite simply you could much more easily afford college if it was public in state for all. We have a slightly lower income with 3 kids. Also 2 in college and 1 in HS. We told our kids we could only afford to cover in-state because we have prepaid tuition. We then use savings to cover room and board. We weren’t comfortable going into debt and didn’t want to help one only to say no to the others. We were very upfront when our kids were applying that they’d otherwise need generous merit aid and loans (they’d be responsible for). You’ve already commited so I’m not sure what you can do now. I would not consider borrowing against retirement. Are your kids working to contribute? Did the one in private take loans? Can you sell something? [/quote] We also told them we can only afford in state and they can go oos private if they get scholarship. DC1 is only paying half tuition, DC2 instate full tuition. They both willing to work but they don’t have work study to get a job on campus. DC3 is high stat and applied so far she got scholarship from a couple of schools.[/quote]
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