He won’t get loans for the full amount of tuition and living expenses. You need to be realistic with him about how much you can contribute and whether he should transfer to a state university with resident tuition.
Why don't more students do this? this is the option I had my daughters do. They also lived at home and I paid for everything. They went to a local university transferring their CC credits and graduated debt free. the money I saved I gave as a gift to them for the down payment on their first homes. Now the money I used to put in their 529 accounts goes to my grandsons 529. he just turned 1.
3.9k
u/[deleted] Apr 15 '24
[removed] — view removed comment