Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Paying for College tuition and expenses"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]I'm not saying this is a good option, but can't students and parents take out loans to cover the cost? Or is $75-$80K more than what they could get loans for?[/quote] A dependent (aka OP’s kid for the sake of simplicity) student can take out loans at 3% interest for up to $27,000 total in stafford direct loans, spread over 4 years, for college. No co-signer required, just very basic academic eligibility and citizenship or perm residence. Those are the “good” loans. Low monthly payments and lots of federal protections. Not bankruptable however. OP CAN technically take out parent plus loans (up to the school COA!), private bank loans, home equity loans, or personal loans. You can also use a credit card to pay tuition, with fees of course. Don’t really recommend those except perhaps the credit card. [/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
