Reply to Paying for Private College

Forum Index » College and University Discussion

Reply to "Paying for Private College"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]I was dining out with a friend whose plan is to continue the same 10-month monthly payment plan at college that he has paid to his DC's private school for years.  He says he's so use to the $3k monthly payment that he doesn't feel the pain anymore.

Though the $3k is a mild strain, the plan is to get an annual $10k Stafford loan and repay it over each summer with additional summer work.  That will be easy because of the kind of work he does.

He says he is banking on at least one of the 14 schools DC has applied to that someone might give a $25k or close grant.  That would leave him and his DC debt free when DC graduates.  So far, one rolling admission has given $19k.  He is a single parent but makes $125k (he told me after a couple of after dinner drinks) before taxes and mortgage.

I told him to send DC to the state school but DC wants to go away.  I think the extra money should be invested for HIM though I understand he wants to make DC happy.

I do think he has a viable plan but there must be another way to take some of the strain off these $65k schools.  Thoughts for my friend since I have no college kids?[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics