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Author: 112459 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8174  
Subject: 1 year to go an no money for college Help! Date: 4/26/2001 11:39 AM
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Yes Yes I know we have not saved any money for the childs college education. Well with an income of 40k between the two of us ( never went to college) and two kids to raise we haven't been able to save anything. Well guess what mother in law does she dies leaves a cabin by the lake and 30K in stocks to us plus we have about 30k in 401's. I can't even afford the taxes on the cabin but the husband says we will not sell it. I owe 70k on our house but I know we would not be approved for anything more so what do I do? The child is suppose to being doing the scholorship stuff but you know how that goes he takes all AP classes so he's busy, but he carries a 3.5 so I assume he won't get any scholorship from the college of his choice and if he does it won't be much. So how do I pay ? I know there are loans out there but one more payment every month and Iam gonna keel over. Any ideas about what type of loan would be best for us and when we do fill out that financial form do they take in to consideration our income when they see this extra property and realize that we can't afford it? Great time to start worrying. Wish I thought about it years ago!
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