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Reply to "How to pay for college: specific scenario "
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[quote=Anonymous][quote=Anonymous]So as other PPs have said, this is a really really common scenario, not something specific to you. I would really think about the other kids in this situation. It sucks if you exhaust all resources to keep your oldest in this school - that you never had a plan for paying for - and they resent the crap out of you and their sibling as they will have no such choice. Because you have other kids, I would seriously consider requiring your kid to transfer to a place that you can afford between your current college savings + federal loans for the kid (anyone can take the unsubsidized loans). Yes, it will feel awful, but it will not ruin their life. The other option is that you borrow to cover the difference, but that's not going to be sustainabie across your other kids. [/quote] The plan was a relative who paid for it who now isn't going to pay for it. They didn't save anything for college. [/quote]
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