@Waiting2exhale is correct:
@ashi23, I am going to make the assumption that your child has already been accepted to a school, but did not receive a significant amount of merit or need dollars from the school? Now, you are trying to figure out how to pay for an expensive school, because you did not have a savings plan accruing college expenses, correct?
You have two options:
1.) Take our huge, hefty loans, through Parent Plus, on YOUR credit, and assume that your child will NOT be able to repay the $250K + for 4 years of his/her education.
2.)Have your child take a gap year and reapply to affordable schools next year.
Please tell your child, a degree is a degree and, paying for prestige is no guarantee of future employment or significant income. No one is going to care that the degree is from a state-funded school. Your child also needs to find a job to help pay for his/her expenses.