Reply to $30K? $40K? $50K? How do you make it work?

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Reply to "$30K? $40K? $50K? How do you make it work?"

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[quote=Anonymous]

Everyone's financial situation is individual, but perhaps to consider spending what you might have contributed to a college education now in the early years, including taking out a certain amount in loans, for some would be an important consideration to give a son or daughter the opportunity of a good education for a lifetime.  It would also be understood that this early extra financial tuition support would be shared with the teen at the appropriate time, and therefore that the idea of going to an area community college first and then transferring to a state school or a college would be understood.  Of course, if the student could apply and get a great package from a state or other college that would also be an option.  The point is that parents need to understand, especially if there are other siblings, that what you are doing for one child in the early years financially may equal out to what will be done for others in later years under the more typical college-bound scenario.    Most financial advisers would not recommend robbing your retirement funds unless you have a solid way to repay what is taken out in the future.[/quote]

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