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Reply to "Paying for college $75K"
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[quote=Anonymous]-Your child should absolutely be planning to take federal loans (which as pps have said, are capped) -You are not in a place financially to spend 225k on your child's education, meet with a financial advisor and figure out what a reasonable contribution is for you that will not endanger your retirement -Have a conversation with your child. They need to understand that in-state may be their only good financial option -Check out the book, The Price You Pay for College. It's a book that has strategies for middle and high income families that cannot easily pay high college costs. There are a lot of strategies for families in your situation-I'm not going to outline them, just read the book! [/quote]
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