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College and University Discussion
Reply to "S/o - would you allow child to take out loans for dream school"
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[quote=Anonymous]Why is a mortgage good debt, and college loan debt bad debt? I'd consider debt up to $15,000 a year. If he gets lots of merit aid, it might be one-third that. I'd make clear that you will all decide when all acceptances and merit aid offers are in. He can also call and try to get more. I know students who can afford to pay full freight who got more merit aid than first offered. (I find that objectionable but there you go.) Good luck![/quote]
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