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College and University Discussion
Reply to "S/o - would you allow child to take out loans for dream school"
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[quote=Anonymous]I think it depends on the kid and the school. Many private colleges graduate most all kids in 4 years whereas a lot of public universities do not. Also, does your child know what they want to do? If they want to be a school teacher, nurse, etc, then a private school might not be the best option. I agree with the PP poster that the stafford loan limits do provide a good rule of thumb. Also, just from personal experience, I took out loans to go to a small midwestern liberal arts college that is not a big name. It was, however, a great education and allowed me to go on to University of Chicago for grad school. Ambitious, but fairly poor, I am grateful that my parents encouraged me to go to my no-name dream school, even though I had to take out loans. [/quote]
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