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Money and Finances
Reply to "Am I a huge jerk if I don't save for college for my kid?"
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[quote=Anonymous]Just know that the limit on student borrowing is $5500 freshman year, $6500 soph year, and $7500 each year after that, with a total limit of $31k. If your kid will need more than that to finance his/her half, you will have to cosign for it. Also know that depending on your earnings and assets, your kid may not qualify for financial aid, no matter how little you have saved.[/quote]
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