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College and University Discussion
Reply to "If you turned down a top liberal arts school for a cheaper state school?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If I had enough to pay for four years of 85k/year, I would leave it up to her after talking through the realities very plainly. [/quote] I agree with this IF you can pay for Emory with no loans. My daughter is grateful that I am paying for 4 years of in-state tuition, but at the same time will probably always be a little resentful that she was limited to state schools but I refused to take out parent loans.[/quote] Us too. I refuse to take out parent loans. I'm not sure why this is even on the table for a generation which has the highest housing costs and just paid off our own student loans. You have to have a very motivated child who is going for a career that can pay off those loans and part of your own mortgage one day, we don't have that child. My child has the option of a state school where we don't have to take on that level of debt. I sat through a few financial aid seminars at college open houses where they talk about a family taking out private loans and I really shook my head. I can't imagine that being a popular option. I would rather put it on a credit card that I can include in the inevitable bankruptcy that would follow if I piled on 50k a year in debt for 3 years. I realize that we aren't the typical DCUM level income here.[/quote]
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