"If you can't afford the University of Chicago, consider starting off with community college," Sergunina suggests. "The first two years are typically general studies, which cost a lot less at community college, and you and your daughter may be able to cover the costs with your current cash flow." The City Colleges of Chicago—a collection of seven schools around Chicago—charge local students just $89 per credit hour. At those rates, a full course load of 30 credits a year would cost just $2,670.
Once her first two years are completed, your daughter may be able to transfer to the University of Chicago to complete her degree. And with the help of grants and student aid, as well as any savings you can manage in the meantime, she may be able to graduate without either of you taking on a dangerously burdensome amount of debt. Full article at CNN Money