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Reply to "Paying for college $75K"
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[quote=Anonymous]OP, does your child have other options or is it this college or nowhere? Will there will be a good ROI on the degree/school? If yes, I would have him take the max loans he can in his name and work and contribute like others have suggested. I would not drain your savings, unless you have significant 401k savings beyond the 75k you reference? Do you have other children? Without knowing your expenses, I would think that you could bankroll 50k out of your income, as people reference doing this for private school all the time, and it’s just for 3 years. That leaves you with 25k…a little from savings, student loans and kid works to pay for the rest? [/quote]
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