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Money and Finances
Reply to "Is there a calculator or benchmark for how much college we can afford?"
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[quote=Anonymous][quote=Anonymous]OP, back to your question--basically, once you roll in all the "rules of thumb," the "can you afford X amount" is basically a series of questions: Can we put the EFC of $46,000 on the barrelhead without: -Reducing our own retirement savings -Going into debt ourselves (whether by using home equity or Parent Plus loans or w/ev--they are all bad ideas) or -Compromising our quality of life in a way that we can't sustain for 4 years? And basically, you're the only person who can answer those three sub-questions.[/quote] Why not reduce retirement savings for 4 years? That could be a big chunk of the cost depending on how much you currently save each year.[/quote]
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