Is it common to get loans to pay for high scho?

[Anonymous]

Grand parents contributions to tuition also make financial sense to reduce tax liabilities.

[Anonymous]

No need to get a loan to pay for mediocre private education.

[Anonymous]

Nobody is taking out a loan to send their kid to private. The only plausible reason to do this is if a family with a senior or a rising senior was paying tuition month-to-month and one or both parents lost their job(s). They may want to take out a loan to not disrupt the child’s last year.

The OP is posting loaded questions on multiple threads so she can argue how privilege, irrational, and corrupt private schools and their parents are.

[Anonymous]

Anonymous wrote:Nobody is taking out a loan to send their kid to private. The only plausible reason to do this is if a family with a senior or a rising senior was paying tuition month-to-month and one or both parents lost their job(s). They may want to take out a loan to not disrupt the child’s last year.

The OP is posting loaded questions on multiple threads so she can argue how privilege, irrational, and corrupt private schools and their parents are.

No need to post threads to argue on what is self evident.

[Anonymous]

Agree. A loan could make sense in a temporary emergency situation. Schools won’t be willing to cover that gap.

[Anonymous]

Anonymous wrote:The reason I am asking is that private schools have become so unaffordable that job incomes, financial aid, and family aid might not be enough. Just wondering if also bank loans are becoming a mainstream financing option.

No and doing this would be stupid

[Anonymous]

Anonymous wrote:I thought it would be a possibility let’s say while unemployed.

So your kid is at a private school, you lost your job, and you go to a bank and say, "Hey, we have no income (or it has been significantly reduced), we'd like a $40k unsecured loan to pay for a discretionary expense?"

Lots of luck, OP. Let us know how it comes out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I thought it would be a possibility let’s say while unemployed.

So your kid is at a private school, you lost your job, and you go to a bank and say, "Hey, we have no income (or it has been significantly reduced), we'd like a $40k unsecured loan to pay for a discretionary expense?"

Lots of luck, OP. Let us know how it comes out.

Well, there is something called home equity loan, so no need to be sarcastic.

[Anonymous]

Insane. Just go to public school ffs

[Anonymous]

How is that second job you posted about on the Jobs forum coming along? Can we help?

[Anonymous]

Anonymous wrote:Nobody is taking out a loan to send their kid to private. The only plausible reason to do this is if a family with a senior or a rising senior was paying tuition month-to-month and one or both parents lost their job(s). They may want to take out a loan to not disrupt the child’s last year.

The OP is posting loaded questions on multiple threads so she can argue how privilege, irrational, and corrupt private schools and their parents are.

You hit the nail on the head.

[Anonymous]

Anonymous wrote:How is that second job you posted about on the Jobs forum coming along? Can we help?

Sure. Please send me your bank account number.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Nobody is taking out a loan to send their kid to private. The only plausible reason to do this is if a family with a senior or a rising senior was paying tuition month-to-month and one or both parents lost their job(s). They may want to take out a loan to not disrupt the child’s last year.

The OP is posting loaded questions on multiple threads so she can argue how privilege, irrational, and corrupt private schools and their parents are.

You hit the nail on the head.

I pose a question but other families describe private schools the way they are. It’s not my fault that some ugly things come up.

[Anonymous]

I would only consider getting a loan out if my child was already in private and in Junior/Senior year and moving would be too disruptive. My daughter is a Sophomore at a Catholic private and my husband (the main earner) has just lost his job. We won't get a loan for her junior year but we will use $10k from her 529 to help pay while my husband looks for a new job. If we had to get a loan at this point we would move her to public. Hopefully we will be in a different situation for her senior year but if not we will use another $10k from the 529 and hopefully get some financial aid from school. If no other option we will release some home equity but only because it is her senior year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nobody is taking out a loan to send their kid to private. The only plausible reason to do this is if a family with a senior or a rising senior was paying tuition month-to-month and one or both parents lost their job(s). They may want to take out a loan to not disrupt the child’s last year.

The OP is posting loaded questions on multiple threads so she can argue how privilege, irrational, and corrupt private schools and their parents are.

You hit the nail on the head.

I pose a question but other families describe private schools the way they are. It’s not my fault that some ugly things come up.

And that’s just it. You’re here to stir the pot and mock. But the truth is these things that you’re calling ugly aren’t ugly to the majority of the people on here. Grandparents paying tuition? That’s the way it goes when you’re affluent. Loans for private school? Apparently super rare and a bad idea except on extreme circumstances. I can’t even remember the rest of your threads that you started and got shut down. I mean, what do you want from this “quick question Crusade?”