<p>The dust has settled. All the funds (30K)that were saved up for child #2 (over 18 years of saving) was spent within 6 months and now we are planning to fund the additional cost with a home equity line of credit (.25% below prime). We are not going into retirement funds.</p>
<p>On the plus side, my oldest child will be graduating from NYU in the Fall (1 semester early) thus saving 25K.</p>
<p>My Wes kid is happy, doing wonderfully. He avoided problematic professors using the website: ratemyprofessor.com. and was very pleased with his classes, professors and fellow students. It is clearly a very stimulating environment. He was accepted into difficult major (CSS) which only accepts a small number of students from each class.</p>
<p>When you ask him what he wants to study he would say, “I want to learn as much as I can about as much I can”</p>