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College and University Discussion
Reply to "Do most people pay for college out of pocket?"
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[quote=Anonymous]No, but this site and area would lead you to believe they do. I have 4 kids and 3 are in college. We are lucky because my ILs have fully financed their educations so they will not graduate with any debt. They are very much in the minority amongst their friends. Most of their friends all have loans in addition to the merit/scholarships and portions their parents pay. None of my siblings' kids have their educations fully funded. My nieces and nephews all knew this from the start of the process, which I think is important. Teenagers, even the smart ones, have zero concept of how much money $30k/year actually is when taking out a loan. [/quote]
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