Hi! I am new to this forum and this is my first post. I am in dilemma right now whether to send my eldest son to a state college in town where I could afford to pay the tuition fee and also, he has to stay in my home, or to send him to a state university out of town where I have to take a loan for the dorm/food and other expenses. Again, I can afford to pay the tuition fees, but have to take a loan for all others.
Also, I have another son who will go to college a year after my eldest son. If I send my son to state university out of town, it is unfair for my second son to be sent to state college in town. So, I am in dilemma. It means, I have to take 2 loans 2 years from now, which mean 30k dollars a year x 4 = $120k minimum.
They will not qualify for FA and if both of them go at the same time, they may qualify for 5k each only.
My question is, should I pay for my son’s college of his choosing, or college of my choosing?