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Reply to "How to pay for college: specific scenario "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, how much is the Cost of Attendance right now How much do you need to borrow?[/quote] Crazy that we went through 10 pages of responses for getting to the only actually relevant question. OOS can mean a lot of different things. Paying for instate can mean different things. And the difference between attending UVa and the University of North Dakota. OP needs to lay out: current cost of attendance, what the parents can pay, what the student has been approved to borrow, and any other source of funds. There's a big difference between the parents being on the hook for an extra $20k and an extra $75k. Particularly, where an equal gift may have disproportionate impact as the younger kids will be able to get investment returns on the money.[/quote] No kidding! 10 pages without helping the poor OP! It sounds to me that the desired college is $50k. First year was paid for, so 3 more to go, or $150k. OP was willing to pay just tuition (not room) at flagship instate, so maybe $10k/year? I think the student would need to figure out about $100k-$120k. It’s a significant amount for a young adult to take on. Definitely more than the lifeguarding suggestion would allow. [/quote]
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