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[quote=Anonymous]I don't think is a good idea, but I will say for sake of argument, that about thirty five years ago when I graduated law school my spouse and I had about $160,000 in debt between us. It did force us to live carefully during those six or seven years that we paid the debt off, and we lived much more frugally and ultimately accumulated more wealth than some of our friends who started in BigLaw without debt. I think it made us more careful about money even after the debt was paid-- we got in the habit of living within our means. That said, would I want my kids to learn that lesson with educational debt? No! We also came of age in the era of MBNA credit cards (remember those?) and those high interest rates. I learned some lessons there as well, but am glad my kids can't get those. There are other ways to teach that lesson. I am assuming that your DC, like my own, does not work for money unless he has to because he doesn't have to. You can change that if you want to. [/quote]

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