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Reply to "How to pay for college: specific scenario "
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[quote=Anonymous][quote=Anonymous]We have money, and the plan was in-state tuition at the flagship (with CC and transferring in as the Plan B). Generous relative threw a wrench into our (read: parents’) plan. Kid opted to go out of state and loves it there, so now we are evaluating options. While we can bring some cash to the table, we can’t cover everything…right now. (We will likely inherit some cash that we will use to help pay off student loans, but that will likely be a decade down the road). I suppose I am wondering what the best options are in terms of loans and where to start. House is worth $700k+ and we owe roughly $200k. Mortgage is low ($1700/month). We won’t touch our retirement or investments. (We also both have pensions available down the road.)[/quote]What is your HHI and are there anymore children?[/quote]
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