Disadvantage of kid #1

happymomof1
Fri, 20 Apr 2012 16:08:42 +0000

If your contribution must be limited to $30k each year in order to make your family budget function, one must ask whether or not your child applied to any institutions that are affordable once the Stafford Loan and your child’s potential summer and school year earnings are added in. If not, well then, why not?

It appears that the time has come for you to get real about your ability to pay, and your dreams of “Top 30” educations for your children. Sit down with your spouse and your children, and talk about the options that truly are workable. Perhaps you can pull the money from somewhere, and the “Top 30” institutions will work. But if they won’t work, once the box of tissues is empty accept the truth, and move on.