Reply to Do you worry about being able to pay for college?

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[quote=Anonymous]We are right in the middle of this now.  We use HELOC at 3% to pay the big checks $30K (after using savings to pay the other 20K)and then use current cash flow to pay the monthly payment.  It's not ideal, but some of our other investments were making 8% and we didn't want to take that out with the HELOC so low. Of course, if the rate starts to go higher, we'll have to figure something else out.  Our HHI didn't qualify us for any subsidized loans, which we expected, but private loans were around 7-9% DC is still taking out $5k a year to help, so when done, DC will have a loan of $20k.

PP 14:58 I felt the same way when we first had kids-Wouldn't even dream of not being able to pay 100%, but wow what an eye opener it was when we woke up to how much college has gone up.  I stopped feeling guilty when I adjusted my private college tuition costs of the mid-80s would only be $24K today. I'd happily write a check right now for $24k. Instead, we're at twice that.  I can't imagine that this can go on for much longer.  The college loan bubble has to burst, right?[/quote]

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