Reply to I’m told I need to INVEST $259k over 18 years

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The cost of college goes up a lot every year. [/quote]

It has to stop at a point because more and more people will default on student loans.  Student loans are what allowed the cost to increase so much anyway. [/quote]

Yep. Remember the mortgage loan crisis and how lenders were making loans buyers couldn’t afford to repay? How buyers were gambling that real estate values would continue to climb quickly?

Lenders are now focusing on student loans. Students expect they will be able to get a high paying job upon graduation (good luck with that!), while lenders and schools are making money hand over fist.

It’s like the mortgage crisis all over again, but this time with our children. Many young adults will never be able to buy homes, will delay marriage and children, and will struggle financially for decades.

A college degree used to be a good financial investment, but now you really have to run the numbers and choose a major with a good return on investment.[/quote]

You. It is the next loan crisis. That's what they are teaching in economics right now.  Luckily, just like I wasn't stupid enough to take a home loan I couldn't afford to pay back, my kids aren't stupid enough to foot the difference in cost for a private or out of state education. It's the financial Darwin rule.[/quote]

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