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College and University Discussion
Reply to "Have plenty in 529, but still taking out loans "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]LOL. NO!! THAT’S NOT HOW IT WORKS!![/quote] That's exactly how it works. If you want to take a loan - do it. If you want to use the 529 for your grandkids - do it. If you want to take it out with penalties - do it. thats how it works. [/quote] +1 I’m not sure why people are trying to argue that this is somehow a moral issue. The Federal Government has lowered the costs of borrowing. That was the policy choice and people responded. Of course lowering the cost of student loans will cause more people to borrow who otherwise might not have. Did no one take Econ 101?[/quote]
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