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College and University Discussion
Reply to "When you can’t do it all, how to save for college?"
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[quote=Anonymous]The advice I come across over and over is to max out retirement savings. I've heard you can borrow against it for college but maybe someone can corroborate this? That should come before college savings accounts. Be sure college accounts are in a parent's name, not child, especially if someone else like grandparents might contribute. Take the college savings tax deductions if your state does that. I've heard you can take a home equity line of credit if needed. Something to fall back on. Where did you get the 47% figure? I've never heard that and it doesn't jibe with EFC calculators I've used. In any case, it'll work out OP. [/quote]
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