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College and University Discussion
Reply to "Are college loans a good way to learn how to save?"
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[quote=Anonymous]Sounds like you are looking at a $10k gap in the first year, likely going up somewhat each year after that. If he really wants that school, I would... Have him take out the federal student loans, $5500 per year, slightly more each year after that. Start working NOW to save the money to contribute to the cost. There is no reason he can't earn $5K plus in a part time job during the school year + working 30+ hrs/week during summers. If he's not willing to hustle to find a job now I would not support the more expensive school.[/quote]
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