Reply to Where to get help? I am running out of money, taking care of my mom.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I will address the situation of your daughter.  As a family, it's ethical to ask your daughter for help too.

Regardless of whether you continue private school, your daughter can help by keeping her grades high and by becoming a great candidate for scholarships.

[b]I have been impressed by the amount of free money out there for kids with excellent track records and no college savings. [/b] The selective universities are trying to level the playing field.

You might also want to make sure that your daughter is being mentored by people who can help her tap into local opportunities.  Make an appointment with the school guidance counselors who work with seniors and find out what they know.  Have your daughter make it a job to figure these things out.

By taking free actions to prepare your daughter and asking her to assume some responsibility, you may be able to strengthen your family and somewhat ease your heart.  One of the things about financial privilege is that it makes you aware of opportunities...sometimes less financially privileged kids just don't know where to look.  But information is "free" as is help with curriculum and career planning.  Even library books can help.

We all wish we could do everything for our children, but sometimes we can't.  If your family is close, your daughter will likely understand.  It is a already a good thing that you are modeling a loving, conscientious home.

[/quote]

"No college savings" isn't the same thing as low income.    If OP can afford to buy a second home (the condo her mom lives in) she likely is well above the threshold for financial aid.
Yes, some colleges/private scholarships have merit aid for "kids with excellent track records" but they be awarded that money regardless of what kind of money the parents have paid for college.[/quote]

This conversation should not be about what the daughter (kids) can do about college. College costs are skyrocketing and scholarship funds only go so far. Rather than focus on scholarship aid, its the mother and care that need attention. I would not have her move in with you  - the level of care and attention is not feasible for a working parent. The money that is currently being spent on a condo and care could be converted to a new situation - and while nursing homes don't seem to be somewhere the OP is interested in - the reality of the situation seems to suggest that is what is needed. Others have provide great resources to help my only additional comment protect your own funds and future. [/quote]

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