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[quote=Anonymous][quote=Anonymous][quote=Anonymous]A lot of parents (and grandparents) just pay cash along the way and many let the kid take out $5k yr in loans. It’s really not that uncommon. Uncommon is this internet myth that everyone has a fully funded 529. [/quote]

$5k/year is acceptable (20K for college), but why take it if you don't need to?   Why saddle your kids with loan payments if you can afford not to?

I get that most do not have a fully funded 529.  If we didn't my kid would work hard during all breaks (just like I did) and work part time during university (just like I did with 2 intensive majors that I did)---note my kid will work during summers, but wont be required to work PT in college.   But as responsible adults, if you are making over $200K/year, you can most likely find a way to save something, except for extreme circumstances.  I don't get why people waste $$ on non-essentials when they have not saved for college.  When daycare ends, funnel that $$$ into a 529.   Because your kid will not likely get financial aide, so why not plan and make your family life easier for kids at college age?  [/quote]

$20,000 in bachelor's degree loans if your kid is majoring in business, engineering or nursing is totally insignificant. It's peanuts. And also, if they plan to pursue something in the public sector, that will be forgiven.[/quote]

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