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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How does your student loan repayment factor in? [/quote]

Not having student loans is the reason I was a millionaire in my thirties.  Having a great, free education is the best gift you can give your kids, and it's up to them to make the most of it. [/quote]

So you do understand that the majority of college students graduate owing on student loans, right? You make it sound so easy but in fact, it is not for most of us. [/quote]

Not easy for everyone.  But most kids could find something with minimal loans and many choose not to.

My own kid had two instate schools (not the top school) that were under $20k per year all in.  Kid can earn $10k per year that leaves $10k.  Most Mc/umc parents have saved or can help with the $10k. 
Or kid takes the federal loans of $5.5k per year and graduates with $25k total loans and parents help with $5k

Has they been searching for merit could have found schools for less.  And my kid was a 120/3.5uw no AP kid (so smart but not wickedly smart )

Point is dont take loans that are not needed...you do not need to attend a 90k school unless you can actually afford it [/quote]

All you need is $20k per year and a way to get to/from school. To LMC and MC, that IS the equivalent of $90k. It's completely unrealistic to come up with that amount of money. [/quote]

Well LMC kids will definately get some FA from both of those schools, bringing the cost down lower.  Or you start at our local CC (which are top notch) and do 2 years there.  The bus system (we have a good one) runs there and many kids do just that.

However, working FT in the summer and PT during the school year a kid/student can earn $10K/year.  So take the $5.5K in loans and then it's only $5K left to figure out, if you don't get merit or FA.  
I get that the $20K is decent money, but it is doable with federal loans (of max $27K for the 4 years), a student working to earn $10K and then the family finding a way to pay the rest.

Or as I stated, you start at CC, live at home and then only need 2 years at the State U to finish.  
Yes, it's not free, but it is doable for most.  If you intend to send your kid to college, you plan a bit.  My parents were LMC and yet somehow my dad picked up a 2nd job (10 extra hours per week) in the few years before college (and during) for me and my siblings to help with college.  My poor parents were very frugal (think my mom made my clothing until I was 8-10, and even then made a lot of it, I had to use birthday money and babysitting money to get other clothing.  We got pizza/went out to eat 1-2 times per month, that was it.  Everything else was made at home, and we gardened so the freezer was full (and canned other veggies).   Yet they helped me with ~$3-4K/year towards college, and that was 30+ years ago.   If you want your kid to go to college, you work to find a way.  [/quote]

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