How large are the loans you've taken out to finance your kids college education?

[Anonymous]

Spin-off from the "tons of debt" thread. What are parent loans looking like these days? How much is "tons of debt"?

[Anonymous]

Zero. That's just about the worst financial decision I can imagine ANYONE making. Wow.

[Anonymous]

Zero

[Anonymous]

Zero

[Anonymous]

None, but that's a function of affluence more than principle. Not sure how we would have handled college finances under other circumstances.

[Anonymous]

Any smart person will have zero.

[Anonymous]

Zero. If I couldn't afford to pay it then my kids would have to figure out a way to finance it themselves. If I couldn't afford it presumably my kids would qualify for financial aid, or would go to schools with generous merit aid.

[Anonymous]

Zero. Any person with a modicum of financial sense will also say zero.

[Anonymous]

Planning on zero and state U.

[Anonymous]

I took out $0 for my undergrad and $70K for law school. We hope to have enough to pay for our kids undergrad at state schools (or equivalent cost) and we have no idea what we'll do for their grad school. One thing I learned from taking out $70K is that those kids who have their grad school paid for (by any means), are 10 years ahead of those who have $70K debt!

If you come out of grad school with little or no debt, you can immediately start saving for a house/condo -- which puts you on a whole different path financially when you want to have kids, etc.

We probably need to be saving more, but there is only so much $$ to go around. Like many people -- we'll deal with some problems when they come (i.e. grad school tuition).

[Anonymous]

Zero. That's not something I would ever in a million years consider.

[Anonymous]

$0.00

[Anonymous]

None. Our deal is state school, private school with enough merit to bring it comparable to state school, or make up the difference *yourself* with loans.

[Anonymous]

Zero.

[Anonymous]

None. Do people actually do that?!