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College and University Discussion
Reply to "Is it common for kids to fund their private college education entirely on loans? "
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[quote=Anonymous]I think a lot of people don't think it through. We have friends who are planning on sending their child to a private school (not a good one so it makes no sense when they have good state schools). They had not saved but grandparents put about $40K in a private college plan so they insist on using it. They don't realize that child will have to take out loans for the other 3+ years and it will cost more in the long run. They could cash it out. Child has no concept of money.[/quote]
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