Help...How do I fund $79K Annual College Cost!

Hello Guys-
The college my child was accepted has her college cost at $79k year year.
There is no way I can afford that even 1/3rd of that.
She applied to many scholarships- so far nothing came through.
The school that accepted her did not offer her any financial aid.
Please advise me of my options at the point.
How do I find a financial aid counselor?

This is like trying to put smoke back into the bottle, but what did the NPC say you could expect to pay? All of my daughter’s schools were very close to what their NPC said so there were no surprises.

April fools?

Your options are community college or a less expensive rolling admissions college (there are some out there still accepting applications), unless she has other more affordable acceptances.

Your D will not be able to attend that school. Does she have any affordable acceptances?

If not, post her stats, her budget and preferred college characteristics and posters can make suggestions for schools that are still accepting applications.

You need a plan B. Please don’t take out loans to pay for school.

It’s too late for a ‘financial aid’ counselor. Your choices now are the ones listed above:

  1. if your D was accepted to other, affordable, colleges choose one of them;

  2. have her take a gap year, work & save money & re-apply to affordable schools for next year

  3. go to community college & apply as a transfer student to affordable colleges

In any case, if you knew she was applying to college and didn’t work out a budget in advance with her, and she now has to say ‘no’ to a college that she is excited about you owe her a big apology.

To answer your question, you don’t.

If this post is serious, your D has the option of going to community college and transferring, or trying the whole process again next year. You are highly unlikely to even get a loan that covers the amount of money you need and will be in debt for the rest of your life should you even get one.

I echo the other posters. You don’t. Find an option you can afford.

Most people have to factor finances into their decision. I was about sick having to push the lower cost school to DS this year and the difference was only 24K over four years. But, that’s a lot of money for us.

Yeah, you’re kind of supposed to have the affordability discussion BEFORE applying :slight_smile: If you can’t afford it, just scratch it off your list and move on to something you can afford.

Is this her only acceptance?

With so many students home due to the current crisis, its surprising we aren’t seeing more of these “hard to believe” threads.

Yeah, I’m a little skeptical of a 79K/year school that offers no aid to someone that can’t afford a 1/3 of that cost. Then again, it could just be a case of, “I have 2 million in a taxable account and don’t want to spend it because it’s my only retirement.”

CC’s traffic/analytics continue to decline…seems much of the younger set are over on reddit.