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College and University Discussion
Reply to "Cost paying OOS college, what are options?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You're doing this backwards OP. YOU decide what you can afford then, college options are considered[/quote] DC says, "don't worry, when I graduate, I will pay it all back"...... I said, I only have 120k for you, so if you really want OOS, your monthly is $$$$. What is that monthly? [/quote] If you are cosigning the loans, it is your debt. It doesn’t matter what some 17/18 year old promises you. He has no idea what $3k a month means.[/quote] Understood. In my case, DC has no other loan/payment options correct? For the parents, educational loans are 6-9% for 10 year term?[/quote] he has no other options for loans because a 17 year old is a minor. Even at 18 banks won't give him a loan because he has no collateral. you are confined to the $15k FAFSA (remember you have to file to get that)[/quote]
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