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[quote=Anonymous][quote=Anonymous]If you are paying for private high school now, wouldn't you be able to figure out a way to pay for private college tuition?  It seems odd that you would gamble by paying for private HS with the expectation that college would be free but if that is the gamble you have made, you now may have to look outside of an Ivy league school, which would mean you chose to pay for a high quality high school at the expense of the best private college your child could go to.   [/quote]

+1. If you are paying $35,000 now for this child, this leaves a shortfall of about $25,000. Assuming you have some college savings, you can lower the remaining balance by at least $5,000-$10,000 per year - hopefully more - by spreading that 529 account over four years. To pay the balance, maybe a combination of loans (don't do more than the federal unsubsidized loans, which are capped at something like $6,500 per year, rising each year), and more cash. Sallie Mae has a college tuition payment plan much like the one you can use at private schools, that spreads your cash contribution over 5 or 10 months. So if you still need $15k more, that's an additional contribution of $1,500 per month for 10 months.

Of course, you'd want to be able to make this additional sacrifice for your other kids, too, and I don't know if that's possible.[/quote]

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