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[quote=Anonymous]My DS, currently choosing a college, is terrible with money. He gets it from me - spends every penny, doesn't work (for money) unless he has to. But he's very strong academically, STEM. We're trying to decide between an instate school that we can easily cover with the 529, and an OOS top-ranked program that would require him to take out about $40,000 in loans total. We don't love the idea of debt, but it's a great program and he loves the school. For the sake of thinking about all the angles, I'm trying to consider any upside to this debt. For example, will it teach him any lessons -- at a fairly young age before the stakes are too high -- about the burdensomeness of debt, how to tighten his belt and save for the payments? (I ask because I never learned how to save as a kid, and when I started my career in a high-paying field, I spent everything I earned for the first 10 years, which was obviously dumb. I wonder if an albatross of debt early on would have helped me build better habits before I frittered away real-world salaries.)[/quote]

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