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[quote=Anonymous][quote=Anonymous]Please help with strategies to help pay for college ~$75k/year x 3 years (DC is planning to finish in 3y).

My savings are $75k with HHI of $270k and no 529 or other accounts.

I'm willing to overhaul our lifestyle and save aggressively to help pay for that. Currently not budgeting.

Would the following make sense or any other thoughts? Thanks a lot.

- Borrow from 401k - 50K and pay to self
- Cut down on 401k deferrals beyond employer matching
- Save $X from now on
- Use HELOC funds
- Explore Federal student loans [/quote]

OP, I’m sorry you’re getting excoriated here. What you’re doing is not too far off from what I am planning. The difference between us is what will probably give this from a collective heart attack: I am already used to cash flowing $35k a year for private school, on a $230k HHI. We live in a townhouse, have one car, but live what seems to me to be a pretty nice life, and want for nothing that is important.

You are looking to cash flow more than I am (I have an employer benefit that will help with tuition), but you also make $40k more than we do, so you should be OK. Take a hard look at your housing expenses, which, for most people is what makes it undoable.

Your decisions are your decisions for your money based on your values. With your HHI you can do almost anything, you’ll just have some trade-offs. If you’re willing to make them, then you can do this. [/quote]

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