Tonight I have to have a conversation with my daughter and tell her that she can't go to the college of her dreams, to which she was accepted and even given a small academic scholarship. While the academic scholarship is there, my income is too great for her to get any federal help to cover the remaining cost of attendance. We would incur over $97k in loans by the time she finished her bachelor's degree and I just can't do that to her.
My heart is breaking. She is such a good kid. She deserves this.
Instead of living in a dorm and going to the college of her dreams, she is going to have to move out of my house and in with her sister so that she is no longer financially dependent on me and attend a community college for two years, while working.
I hate myself. That is my confession.