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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]My family of origin had six children and one (blue collar) salary. I won a "full" scholarship to an unimpressive private school, but my family was very excited. It was solely based on my PSAT score, so I suspect I got have gone somewhere better...but we did not realize that at the time. Anyway, my point is that scholarships rarely cover all costs of college, so I had to take out smallish loans to get through all 4 years. My story in grad school was very similar. I paid them all off, but that took about 20 years, for both.[/quote]
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