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Reply to "How to pay for college: specific scenario "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We had cash to cover freshman year thanks to a one-time gift from a relative. FAFSA gave us nothing due to our HHI, etc. We cannot bring cash to the table for tuition for the next 3 years. What’s the best way to handle this in terms of student loans or other loans? [/quote] Consider transferring to an in-state public university as tuition should be much lower.[/quote] While that would make sense financially, it’s not what the kid wants to do. I’m playing mediator between kid and DH to gather facts and numbers to focus options and determine next steps. [/quote] So parent refuses to fund college at all? The kid doesn’t have a viable choice. Transferring to instate college is best option. If they are allowed to live free with you, they could find a job, work for a year and save, and transfer to instate college in a year to mitigate the loans. I would also look at how they can be considered separate from their parents since their parents are not paying. [/quote] You mean like getting married? Not many other options. But maybe if the kid threatens to get married it will put the fear of God into the dad who apparently wants to leave the kid in a lurch, lol. [/quote]
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