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]

I can't think of any.  It's actually easier to pay tuition for a kid than to pay off students loans for them (tuition isn't considered a gift if paid directly to the school).   I suppose if your kid wasn't a dependent on your return and wanted to claim the Hope tax credit it might work out better, but that seems not all that likely (similarly, your kid might be eligible for some tax deductions for student loan interest, but that wouldn't justify taking out loans, except maybe for credit scores?)[/quote]

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