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Reply to "Kids live at home while paying loans?"
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[quote=Anonymous]I'm not opposed to the idea of people living at home while starting off in life to go to school or make a dent in their loans. My brother is currently in college and he lives at home with my parents. He started off going to a private college out of state, but the college was a horrible fit for him and he had a lot of social issues that led to issues with depression, got horrible grades, and my parents pulled him out to go to community college at home because they felt like they were wasting their money. After a year in community college where he brought up his grades, he realized that he was interested in engineering (he had been at a liberal arts school without an engineering major) and he transferred. It so happened that a state college in the city we grew up in was a great fit for him and had a decent engineering program. So he lives at home and my parents pay in-state tuition. It's kind of a win win for everyone--my brother feels like his life is more manageable with his support network there and my parents don't have to pay room and board. The city where they live also has job opportunities for his major. It works for him. For me, I don't think it would have been as good of a fit, but I'm a lot more comfortable in new situations than my brother. It would also be extremely limiting to my career because fewer job opportunities in my area exist there. I think the degree to which this works really depends on the person's personality and what line of work they are in. Sometimes being restricted to one geographic area can close a lot of doors for entry level positions, and you really don't know what the employment picture is going to be like until your kid graduates.[/quote]
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