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Reply to "Paying for college $75K"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why did you not save more? State school. [/quote] It sounds like OP is a single parent [/quote] A single parent making $270K. Unless they just went from $100K-270K in last 6 months, they likely have had the means to save more. Unless they can adjust their budget to cash flow $50K+/year, they need to consider state schools or privates where they can "search for merit". They only have ~$20K/year. I'm assuming 4 years, because there is no guarantee your kid gets out in 3. Put that with student loans and they have ~$25K paid for each year. Kid can earn ~$10K/year. So figure out what the parent can afford/year to cash flow, add it to $25K and that's the most you can pay for college. IMO, you should search merit and find somewhere that's only $25-30K max/year. [/quote]
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