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College and University Discussion
Reply to "Why let your kids take out loans when you could full pay at another school?"
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[quote=Anonymous][quote=Anonymous]I’m a financial manager by occupation. I am just wondering what the thought process is for a family whose kid could attend a state school for 30k a year and full pay vs paying a private 80k per year with large loans and decides on the 80k year option. I have a rising freshman and I’m just wondering the thought process that goes through folks heads. The ROU doesn’t seem to be there. If you make 500k per year and 80k tuition is no big deal- that’s a different story. I’m just wondering why people take out loans.[/quote] Some private schools offer more financial aid, bringing the cost closer to the state school. Also, different students have different needs and state schools don't always do a good job of meeting those needs. It's really none of your business, OP. [/quote]
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