Reply to I’ve been honest with my daughter about what we can afford but….

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Major in CS or equivalent STEM or finance. 
[b]Get loans.[/quote][/b]

The daughter can't.  no collateral.  Parents are limited by FAFSA as to what they can get.  In this area that means probably zero which means only the $5500 unsubsidized federal loan.  Parents have to come up with the difference out of savings, a one time withdrawl from IRAs, refinancing, etc.   Or the parents get high interest bank loans themselves but they have to put up collateral[/quote]

There's a thing called Parent Plus loan.
No collateral needed. Apply at the FAFSA site.[/quote]

If parents don’t want to borrow hundreds of thousands to send her to Princeton, best to tell her that now. You are the borrower, you have absolute veto power over her choice.[/quote]

There are some options if she's going to major in lucrative subjects.

Make a deal with her that she needs to pay the parent loan
She can also come home and live with parents for 2-3 years, and pay significant amount before moving out.

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