It's Wednesday, and this is the Ramsey Call of the Day.

Part of the Ramsey Network.

Joining me today is Ramsey personality, Ken Coleman.

Hey, Tamara, welcome to the Ramsey Show.

Thank you so much for happening. How are you doing today?

Better than I deserve. How can we help?

I am calling. I recently, I have a question

that relates to college and when it is okay or sensible to derail the plan and borrow for

college. My husband and I, we actually didn't even discover your system until during the

pandemic. And we've paid down a lot of debt. We sold a rental property, set up our emergency

funds. Wonderful. You made a lot of progress in one year. Well, selling the, selling the rental property gave us a large sum and we're blessed to have terrific

careers.

But my oldest son is a senior in high school this year, and last year he expressed an interest

that his dream school was a prestigious private university that's around here.

I graduated law school from there myself, so tugged at my heart and I was supportive of him

that if he did everything that was necessary and got the grades and kept everything up,

as long as he could get scholarships and aid

and the out-of-pocket expenses for us was less than $25,000 a year that we could afford

to pay cash through the school's payment plan and that he could go there. My sophomore,

however, he had some trouble when he started high school

last year and he was getting into trouble and he was making poor decisions and then when they

closed the schools down, he kind of continued to go down a scary path from our perspective.

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