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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][quote=Anonymous][quote=Anonymous]Is the 265 from both of you working? And DH is 63? I think the poster who suggested draining the 529 is wise, bc reapplying when all 3 are in college and you have no 529 savings left may up the pot of aid? When is DH planning to retire? Are there options to stop financially helping parents to the detriment of your kids’ educational options? (DCUM controversial take) are you helping them in a way where the money comes back to you (I.e paying for a house you’ll inherit?)[/quote] Yes and yes. We could take out the money from 529 at least for DC1 and DC2. DH is not planning to retire soon not at least this college cost is over. We don't have any inheritance and there is no option to stop supporting parents as they don't have any income but we share cost with our siblings.[/quote] How can your parents have NO income. Don’t they get social security at least? Can you cut their expenses as well, maybe by moving them in with you since you will have an empty house for a large part of the year? Your college costs are really not much more than some families pay for daycare in the DMV and that happens with lower salaries and no loans. [/quote] No income because they have not worked here they are not citizens will consider all options cutting expenses.[/quote]
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