Back to the original question @MuThuMom asked "My son has been accepted to BOCO, but to send him I’d have to deplete my retirement fund. How do you find the money to go?? I hate for him to lose this opportunity! "
I don’t have a kid in MT so I guess I’m not supposed to be on this thread. No one has mentioned it yet but if your funds are in a 401k and you are not yet 60 (or is it 59.5?) do not take that money out to pay for school! You will be taxed and have early withdrawal fees. So $100k from your 401k would only be $50k to $70k. You would be much better off taking the Parent Plus loan and pay it off with your retirement when you are of age to make withdrawals. You probably already know this but I have a friend who just did this and was surprised she didn’t get anywhere near the amount she needed.