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[quote=Anonymous][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]
Not true at all. DC is working while in college and makes $30k a year. Started in October at age 18 without any experience.
If he becomes VA resident, he can get in-state tuition in September. Right now he is paying out of state, but it's fine.
Since his income is low, he can probably apply for grants, but not needed. He is independent from parents.

[/quote]

Yours is the exception. And in that case, your spreading out your eduction over more than 4 years, likely. That's delaying grad school or a career, which means delaying investments/wealth accumulation, and delaying marriage/kids/home ownership. It's trickle down. [/quote]

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