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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP i don’t have good advice (although it looks like your child really should transfer back in state but you know that). I just wanted to say I find the people on this thread particularly harsh, not sure what is going on. Maybe a couple repeat crazy posters..

You did everything you could. A 400k home is not a luxury in this area, 180hhi is actually not that much here, and taking care of your elderly parents and nephew/niece is a lot.

You seem like a great person OP, I wish you good luck [/quote]

NP and I don't understand either why people are ganging up on OP who seems like a decent human being to me. I used to listen to Suze Orman a lot a decade ago and to Dave Ramsey as well and if I remember correctly, Suze used to advise to prioritize your own retirement over kids' college. I think, but could be wrong, that Dave also gives the same advice, especially to those who are behind on their retirement savings. OP, I am rooting for you and your kid and praying for a great outcome for everyone. Good luck and stay strong. [/quote]

Op, I also don't think people should gang up on you.  Your situ6sounds similar to mine.  You are sandwiched between raising kids and supporting relatives.  People here live in a different world.

I do not recommend you signing for those type of loans for your child if you are very close to retirement yourself.  I think you could say inwill give you the amount of in state tuition plus 15 to 20 percent and that's it.  Everything else you have to come up with on your own.

Part of being an adult is living with your choices.  You advised your child who is an adult that you couldn't afford the school.  Your child made their own decisions and just deal with the consequences.   I'm assuming the elderly relative who paid the tuition died and didn't account for it in the will.

Your child should consider joining the reserve, jrotc, and definitely working (potentially full time).  I had soul crushing college debt and I wouldn't wish that on anyone. For a while I was paying my debt while trying to save for my kids college via a 529 and didn't put as much toward retirement.

Now if you are in your 40s with a a hefty retirement and can swing more of the tuition I would borrow against retirement because you have time to pay it back.  In your 50s or 60s I wouldn't sacrifice retirement for my child.  [/quote]

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