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[quote=Anonymous]I think there's a big difference between drowning in loans and a small amount of loans.

I graduated college with $20k in loans in 2006. Now, interest rates are higher for student loans than they were then. But I paid something like $100 a month towards my loans and it was totally manageable, and gave me some skin in the game for my education. It's $150 a month now I believe (been on autopay for a while).

Not sure exactly how the numbers would shake out (inflation vs. interest rates and all) but I would want a similar experience for my kids. So even if we could afford it, I would want them to take out a small amount of loans for "their share." I would also expect them to work summers in high school and college to save some money for college, and possibly have a very part time job during the school year, so that they can cover their books (or whatever the modern equivalent is) and spending money.

Part of the college experience is taking control of your own financial future, and you need to start learning to plan, budget, save, pay down debt, etc. [/quote]

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