holy… $hit. please, don’t incur that mortgage debt to attend a college. that is just insane. with 7% interest, you’re looking at nearly 10k/year debt interest that gets added each year after graduation. your child will likely end up in your basement after college, barely able to afford food with the 40k architect job after taxes and loan payments, if your child can get a job at all.
as an alumnus of cornell, i enjoyed it but wouldn’t attend it for more than 50k total debt.