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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]My child is a senior and did not take out any loans. As a single parent, I was only able to save $75K by the time she reached college age. She attended a 2nd tier college, that offered generous aid. She won an additional scholarship in college. She worked two summers which allowed her to contribute to her expenses and I was able to continue saving when she was in school, because my salary had increase quite a bit since she was young (but not that high, by DCUM standards). Now she wants grad school, and knows that I cannot pay for that. I am retirement age, and have to prioritize my own support. She plans, however, so only attend schools that offer funding. (In my own youth, I got scholarships at undergrad and grad but needed modest loans to cover part of my living expenses.)[/quote]
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