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[quote=Anonymous][quote=Anonymous]People need to stop giving blanket advice without knowing more details.

Is there $200K already set aside for her in an account somewhere, and the mom can cash flow part of the remaining $120K but needs the other half ($60K) to come from dad? (I'm assuming Cornell is $80K/year.)

If [b]so, kid can borrow almost $30K of dad's share in federal loans[/b] that won't be debilitating. Then they're only short another $30K. You don't turn down Cornell because of a $30K shortfall. She could save that money by taking off one semester and attending a cheap local school and pack in a ton of transferrable credits that semester (I did this at a comparable college with my language requirement), then come back the following year and finish up.

Anyway my point is that we have no way of knowing how much money she is short or all the other possibilities for filling the gap.
[/quote]

No, she can't if the family's EFC is 100% or close to 100%.  If dad makes a good salary then the EFC most likely is 100% in which case the only federal loan she can get is the unsubsidized one at $5,500.  She also can't walk into a bank and get standard loans because she's too young, no credit history and no collateral.[/quote]

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