Paying for top tier schools

brantly
Thu, 11 Feb 2016 06:38:36 +0000

Here’s a plan: Can you get a job that pays at least $50k? You obviously earned more income earlier in your career to amass all those rental properties. Go back to a higher-paying job.

Second, you wife needs to work (assuming she is not physically unable to do so). If your only child is away at school, your wife will be freed up to do so. Let’s say she makes $35k. With this new scenario, you can pay for college with a combination of next year’s current income, your son’s earnings from summer jobs and part-time work, and the $5.5k student loan your son can take freshman year.

Another idea: Can you sell just one property? If you can add $100k to the pot, that would be a big help.