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College and University Discussion
Reply to "How large are the loans you've taken out to finance your kids college education?"
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[quote=Anonymous][quote=Anonymous]I guess it's DCUM reality that everyone has saved enough, can pay out of pocket or has wealthy grandparents to chip in. Really, no one has taken out a loan??[/quote] Nope. We had enough saved for $7K year, paid $5K/year out of pocket, child contributed $3K/year from working, and took out $31K (maximum amount for federal loans) herself and that paid for her education. $31K is very, very manageable. We would never, ever consider taking out a parent loan. [/quote]
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