Reply to s/o Sending your child to a small liberal arts college for $50k a year is a rip-off

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Reply to "s/o Sending your child to a small liberal arts college for $50k a year is a rip-off"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I went to GW.  At the time it was one of the most expensive colleges in the  nation, and now I think it is the most expensive.  I was able to attend on scholarship.  I paid nothing for my education other than room, board, books and fees.  A lot of private colleges charge some students $50K (which includes everything) in order to charge other students very little.

Ideally, my daughter will be able to go wherever she wants and wherever lets her in, but hopefully she won't have to go into a ton of debt to do it.  We'll try for scholarships and ideally I[b] can gift her money after graduation to help her pay down student loans[/b].[/quote]

I don't understand. If you have the means, why not just pay the tuition?[/quote]

Tax reasons.[/quote]

Please explain. We are paying full tuition now. using our 529 savings which were tax effective. Why would it be beneficial to take out a student loan.  And I know we can't qualify for any financial aid. So what's the tax strategy here?[/quote]

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