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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Here's what I would do in your position.  Explain to kid that you only saved enough for in state.  So give him two options:  1) transfer and go in state for free or 2) you pay for next year out of your 529 and kid takes out loans for the following two years.  It's a great deal.[/quote]

OP has to co-sign the loans for the last 2 years though. Is OP willing to do that?[/quote]

No. OP’s kid can’t qualify for ANY loans other than the $5500 unsubsidized loan from the Feds which you get if you file the FAFSAs.  The student has no collateral = no bank will loan her money. It’s the parents responsibility to figure this out. The child cannot. OP needs to meet with child and financial aid at tDD’s school and beg for help. Other than that, the child needs to leave the school. Period. OP needs to notify the school that they can no longer afford it and that she will no longer be responsible for charges. We haven’t even heard if OP actually has enough saved for in-state. No one has suggested it but when we had several kids in college at once and  an EFC of 100 percent we had to refinance our home in senior year (for one child - others still had a ways to go) in order to make ends meet. And yes we had a lot saved but we also had expenses not covered by FAFSA (elderly grandparents and taking care of SN child). [/quote]

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