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[quote=Anonymous][quote=Anonymous]I’m a financial manager by occupation. I am just wondering what the thought process is for a family whose kid could attend a state school for 30k a year and full pay vs  paying a private 80k per year with large loans and decides on the 80k year option. I have a rising freshman and I’m just wondering the thought process that goes through folks heads. The ROU doesn’t seem to be there.

If you make 500k per year and 80k tuition is no big deal- that’s a different story. I’m just wondering why people take out loans.[/quote]

Most students go to college at age 18. If they want to take out loans it's their business they are an adult.

Next, you will hear from the moronic parents that say Johnny or Sussie are not adults I support them. Well, guess what they can get loans they can move out they are adults.

I digress, you asked why well different families feel different about paying for college. Some scream my kid can only go instate, some mortgage their life savings to send their kid to what they perceive is elite, LOL&gt; All personal choice. There is no rule that says parents should pay for college. Many feel it's an obligation. Or it's keeping up with the Jones.

Personally, we started explaining finances about college to our kids in middle school. We have beyond more money to pay any college expenses at any college. Grad school. Law school, Med school. We wanted our children to understand colleges are businesses now and going is not only about experiences there but what are the financial ramifications.

We paid for undergrad only. Anyone not wanting to go to our state universities took out loans to make up for the differences in cost. Ours choose to either stay instate or pick a school that was not as expensive. Why did we make our kids take out loans for the higher education? Becasue this way they owned it. Worked jobs during that time to keep those loans down. Appreciation of doing it themselves, gold. That said mine all chose paths that paying the loans back was pretty easy.

Some people make students pay for any C's they get. Some parents make kids take out loans and they pay them back. Every family is different.

Financially of course staying instate or for that matter community college is the way to go, but most parents are too much into bragging about Susie or John they forget the ultimate goals.

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