Reply to How do you feel about making your kid get student loans?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We saved enough for our kids not to need loans, but if it had been necessary I would not have been averse to them taking out a modest amount up to the federal cap (about $27K total IIRC).

I would never take out a Parent Plus loan for education however.[/quote]
I'd say exactly the same. Plus your DC can earn $5-$10k between the school year and summer to contribute. Getting a job as an RA beginning sophomore year is not that difficult and covers full room and board. [/quote]

This was what we decided on in the end.

Child chose the better school for her, but it was a little outside our price range. She will be taking out the loans from the Fed. To help her, we will probably pay the interest during school so that doesn’t accrue (unsubsidized). She also is going to try to become an RA to help with that cost and/or get more scholarship money. We’re working together.

Depending on how things go, we may help her with the loans after graduation.

We would have loved for her to be debt free, but it is what it is. I don’t think less than $30k is outrageous - you pay that for a car these days.[/quote]

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