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College and University Discussion
Reply to "How many of you or your kids are planning on taking out loans?"
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[quote=Anonymous]I mean, I don't know if Mr. Harvard has a grasp on reality for many, but I don't completely disagree about student loans killing a lot of families. To answer your question, no. Neither my children nor I will be taking out student loans for their education. But I'm in DCUM-land where we knew to start saving at birth and could now easily cashflow it, if needed. I'm in a FB group that is all about paying for college. It's an eye-opener. People just have their kids apply willy-nilly to whatever schools they want and then do a complete freak out when the government doesn't give them "FAFSA money". It's really sad to watch the cycle every year and in the coming months people will start posting about how their kid just has to go to their dream school and mommy can't say no, but has an EFC of $100 and wants to know where they can get a loan for $50k. And then they refuse to listen to the advice that perhaps that child should pick another school that they can remotely afford.[/quote]
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