Reply to Did your parents (step or otherwise) pay for your college? Will you pay for your kids?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I've actually heard that it is getting harder for parents to get loans, the parents need to have higher credit scores than previously
[/quote]

That's a good thing in a way. [/quote]yes, but bad in another way. The kid whose financial aid package is heavy on loans is screwed, in that way[/quote]

I see two possible outcomes form this:

1) colleges will be forced to get costs under control or enrollment will drop significantly

2) Attending college becomes increasingly only accessible to the rich.

I hope it's #1.  [/quote]

I don't think #1 is likely in this day and age. Higher education is even more important than it was 50 years ago and the demand will likely be there in the future. What I see most likely happening is that further technological advancements (in online, remote attendance, virtual learning) coupled with other market forces and government regulation will slow or perhaps reverse the upward trend. #2 also will not likely happen. Yes, if we extrapolate under today's norms this is possible. My solution will likely luck out before it gets to this point.[/quote]

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