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College and University Discussion
Reply to "So how does a two-Fed family that gets fired send a kid to college?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Your child takes out a loan like the majority of college students do [/quote] Undergrads can't take out much loans. It's the parents that take out the bulk of the loans. [/quote] So you attend an in-state school or a private/OOS that gives great merit (making it similarly priced as in state). most in-state is ~$30-40K. You student can earn $10-15K/year to put towards school (work summers, breaks and PT during the year), and take ~$5K in federal loans. So that leaves parents with $20K per year. If you were making $200K+, you should have enough saved to fund that. Or you get a 2nd job to help (if you chose not to save). Or if you loose your fed (or any job) you take the next best job even at a loss to have a job and income. There are choices and it can be done without a great deal of pain. [/quote]
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