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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents didn’t pay a cent for my college. I got a mix of scholarships, grants and loans. I went to grad school entirely on loans.

I don’t think a parent should limit a child.[/quote]

Almost all 18-year old students are not fully capable of making a well-informed and wise decision about something like college loans that could negatively impact their lives for decades.  Study after study has shown that the human brain is not fully developed until a person is well into their 20s.  Our job as parents is thus to guide our kids into making good decisions, even if it may sometimes mean vetoing an option, especially when there are plenty of good educational opportunities that are more affordable.   [/quote]

We can full pay for our 3 kids.

Dh was a scholarship kid. I was a scholarship kid. If the student is a top student and gets into a top school, I don’t think the parent should stop child from attending a prestigious school.

Obviously If we are talking second or third tier, it will probably not be worth it to go into hundreds of thousands of debt for a school that is only slightly better than your state school.[/quote]

It's not really worth it to go into major debt/'hundreds of thousands of debt" for a "top school".  The parent doesn't have to "stop the student".  they simple don't have to sign parental loans, as the student can only get $5K/year.

Student cannot sign loans of $40/50K per year. 
[/quote]

I got private loans for myself when I went to college and grad school. This was 20+ years ago.

I knew a woman who didn’t go away to college claiming she couldn’t afford it. Her parents couldn’t pay. I took out loans for room and board and books.

I graduated with a lot of debt but I made six figures right out of grad school and married someone I met in grad school. He earns a seven figure income now.

The pp who said your social and dating network changes is absolutely true.[/quote]

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