Reply to Michelle singleterry article yesterday

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[quote=Anonymous]Great outcome! The reality is that most students can chose between a range of more and less expensive options of similar quality. There's this myth out there that "investing" in a more prestigious school pays off - but no student is choosing between Harvard and community college. The reality is choosing between similar options at difference price points.

I do disagree with some underlying ideas in this column. First of all, student loan deb IS still "good debt". Students who need to borrow should not be deterred from school. If the daughter needed to borrow to get her UMD education that still would be worthwhile, within limits. She will have income eventually, so it is not irrational to invest in future earning capacity as long as the debt load is reasonable.

Second, the parents may be doing a disservice by making her work over the summers to pay for books & incidentals. Summers can be key times for internships and travel, both of which can help landing jobs after graduation. If the parents could subsidize her summers that might really pay off.[/quote]

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