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Author Message   Kodibochu Pilla Bewarse Username: Kodibochu Post Number: 468 Registered: 04-2019 Posted From: 107.15.164.36 Rating: N/A Votes: 0 Posted on Thursday, June 20, 2019 - 6:14 pm:    About drop out: Money leka Drop out aa?? Inkaa parents vundedi yenduku ? aa maatram support cheyyakundaa? Kids ki interest lekundaa drop out ayithe adi vere sangathi. Whatever options I am going to mention here are all followed by me at one point of time. (1)401K loan: I took 50k(that is the maximum limit allowed by IRS. 50% of the 401k amount or 50K whichever is less)loan and paid for one year. That loan is almost paid off. I think 2 more months vunnatlu vundi. Naa savings lo nunchi 70K pay chesaanu. (2)I applied through discover student loan and got it approved with high interest rate(about 7%), but refinanced with DCU student loan for 3.65%. I still have about 80K student loan for daughter's undergraduate fees after paying about 120K .I am planning to take another 50K from the 401K after the first loan is completed(in 2 months), so 30K loan will be left in student loan account and I can mange it comfortably.