First, Suze recommends Kathleen and Tony take the money they have put away for Max and use it to pay for Joe's college because he is currently in school and presents a more immediate need.
That will give them some time to prepare for Max. Suze says Max should see if he qualifies for a subsidized or unsubsidized Stafford Loan. If that doesn't cover all the costs, Suze says Kathleen and Tony can get a Plus Loan—which parents are responsible to pay.
No matter the final loan situation, Suze says Kathleen and Tony easily can fulfill their commitment to Max. "You can pay [his loan] back for him," she says. "No matter what action we take, the end result will be your two children are going to graduate from college without any debt whatsoever."
Learn more about paying for college at www.finaid.org