Money for College

Hindoo
Wed, 06 Aug 2008 15:25:39 +0000

We’re in a somewhat similar situation, but with two kids in expensive LACs at the same time. (Though with our second, who just finished her freshman year at Carleton, we did receive some grant aid. … Still, it’s $50,000 a year out of pocket/savings to keep the girls in school!)… Actually, we saved like crazy while they were growing up, but couldn’t keep pace with the rapid rise of tuition and costs of liberal arts colleges. … We’ve taken some loans. … Our daughters will also have some loans of their own when all is said and done. Plus, they do work study at their respective colleges and also work during the summer, with the expectation that they will contribute to their college expenses. … Another option, Ptbcath, is to look at less expensive state universities. … Also, do you think your son/daughter might qualify for merit aid? Some schools are very generous with this.