Sorry to hear that all the changes in your life over the past five years have made it difficult to help your third child through college, in the way you have helped the first two.
First, about the loans. The FAFSA website has some good basic info about the various loans available and how they work.http://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp
Trying to rewrite what I'd written before my laptop lost wireless...No, don't take out any retirement to pay for college. It's way easier for a student with their life ahead to eventually pay off loans (did she put in for the FAFSA to get federal money?) than you repaying into retirement.As far as what she wants to do - first off, does she know what U she wants to go to next? If so, I'm sure they have a counseling dept to help hone in on what she's good at, what her strengths/weaknesses are, etc. My ds went in as 'still deciding' mostly because he didn't know what career he wanted but knew what he wanted to major in, and they just had him take core classes to get started. And they had him take all kinds of surveys to narrow down what he should major in (and thankfully it pointed to what he wanted!) Does she know if the prospective U will accept the CC classes? I'd get all that in hand, including the career surveys, etc. at the prospective U before you put any more money in... JMHO.Sue
I bet you're getting sick of seeing me on so many boards by now.
I admit, Music,
We discussed ways for kids to pay for their college educations in THIS thread...