<p>I was going to post this on financial aid forum, but I’m sympathetic to some of the stress that’s on that board. What I’m trying to accomplish is the best financial parenting I can for a D who will be getting ZIP financial aid (tho she received $5K from one LAC). We’d like some ideas on how to internally structure the financial part of her college experience so that she starts to “own” the glaring expenses that are a part of the next four years. She knows it’s expensive, and she’s a practical girl, yet she’s set on a small college environment, and that means private LAC. Are there any of you who have set up a plan for your own families (like internal loans/IOUs/whatever), and it’s working well? Please let me hear from you because this will enable her to make better choices amongst a few colleges…we’re obviously at the end of the decision period. Eek.</p>
<p>My son takes a Subsidized Parent loan (0% interest) from me. The loan amount is $10k/yr - whatever he earns (Net) during the year. We have not talked about re-payment schedule.</p>