Most private colleges charge the maximum you can possibly afford after going into significant debt.
The "maximum you can possibly afford" goes up on almost a 1:1 basis for every dollar in the child's name.
You might as well just write the check directly to the college as a donation. At least you can deduct it as a charitable donation that way (assuming it's a qualified non-profit blah blah).
The "maximum you can possibly afford" goes up on almost a 1:1 basis for every dollar in the child's name.
You might as well just write the check directly to the college as a donation. At least you can deduct it as a charitable donation that way (assuming it's a qualified non-profit blah blah).