Reply to Be honest with your seniors

Forum Index » College and University Discussion

Reply to "Be honest with your seniors"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

Yes those degrees should be able to pay back debt. However, one can also argue that for engineering and nursing where you go doesn't really matter that much.  For nursing what matters is passing the NCLEX.  For engineering what matters is completing an ABET accredited degree---engineering degree from anywhere will have you decently employed afterwards.  So if you can go somewhere without debt, there really is no need to accrue even $20-30K for the degree. [/quote]

We're not talking about $100k in debt and taking a chunk of equity out of the house. In the grand scheme of things, $20k-30k in undergrad debt to give your children a superior dating, social and professional network is well worth it. But you can go ahead and send your own kids to some laughing stock where most of their classmates fail out or take six years to complete bachelor's studies. Crummy colleges bribe you with merit and various other low-bar automatic scholarships to offset the fact that your kid will be spending four years around nitwits. There is no such thing as free lunch.[/quote]

Just so we’re clear, what exactly is the SAT score cutoff for nitwit/laughingstock? And just for my research, does crummy/low bar describe the entire school regardless of department, or is it specific to certain majors?

Yeah, so I think you have a very ignorant point of view on higher education. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics