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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The article says …

That may mean attending a community college for three years and transferring to a better school as a senior.

:shock:

Who thinks CC is 3 years. Also not all credits transfer. Jeez [/quote]

um yeah, that's not how it works, at least here. UMD takes 60 credits max from 2y schools. And that doesn't mean that all 60 are applicable to the degree. [/quote]

Yeah, that makes me think the economist cited is out of touch.  Or that the article writer is extrapolating a lot of their own thoughts off of what they said.
Anyway, our DC is taking the max of student subsidized loans to go to UVA.  They will graduate with $23,000 in debt.  I think it's manageable.  We will help out if it isn't manageable (if we can of course!) but we have the next kid's college to pay for and our own retirement.  (We have been saving since the kids were born but we're not high earners for DCUM).  The heuristic we have heard is that it's reasonable to take out loans up to the expected 1st year's gross salary.   Given that a full-time minimum wage job pays more than $23000/yr I feel confident it's a manageable loan.  We also are happy to have our kids live with us for as long as they need post-college to pay off loans.[/quote]

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