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@mom2collegekids The Grands are a little cagey on the subject of paying. They are separated and each has indicated a willingness to help. So the delta could end up getting covered in full, in part large or in part small or no part. (It’s a long story. ) The uncertainty is an added stress. And as you note - any old way it’s a lot of money</p>
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<p>Unless they are willing to promise (and a real promise that is based on each Grand’s true ability to contribute) to each give XXXXX dollars PER YEAR, then you can’t depend on them or expect much from them. Their offer to help may be just their way of permitting themselves to have input on the app process, when in truth they may not be able to actually contribute much/anything or at least not for EACH year. If your parents are separated, unless they are quite affluent, then providing for two households and each contributing to your children’s college costs may be something two retired folks may not be able to really sustain.</p>
<p>Why not be upfront and say, “S1 needs an additional $25k per year to attend a pricey school that you would like. Can each of you give $10k per year? If not, how much can you each give per year? We need to know so S1 can put together a realistic college list.” I would not mention the possibility of taking out large loans. </p>