Reply to Looking back, do you wish your child attended the least expensive college?

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[quote=Anonymous][quote=Anonymous]Words from my 26 yr old niece who ended up at an instate due to cost over a private LAC where she would've had to take out a loan even though she *really* did not want to go to instate. She got a great job out of college, now close to making six figures.

"I'm so glad I went with in state and didn't have a loan. I see all my friends who went to more expensive schools struggling to pay their loans, some moving in with their parents.  I have enough saved now to buy a small condo."

My niece spoke to my soon to be college freshman about college costs and loans.  She convinced my DC to take the good in state option, and save your money.[/quote]

THIS is awesome. Sounds like a great kid passing on good advice!

We have always told our kids that we have a budget and we will not sign for any loans over it (if they felt strongly it would be their option to do so). Their grandparents have contributed to their college savings in addition to our contributions which has given them enough for most in-state schools so they are very fortunate. #1 DC is at an OOS private school within budget with no regrets (got in to more and less expensive and chosen school was in the middle). #2 DC is narrowing down options - 4 remain with one over budget school to discuss but probably will get dropped by child, again it is DC decision.[/quote]

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