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College and University Discussion
Reply to "How do you feel about making your kid get student loans?"
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[quote=Anonymous][quote=Anonymous]We can pay about 30k/year per kid...so basically instate. Kid got into a dream school with no merit (60k/year) we refused to take out loans and didn't want him to either. I figure he will need to take out loans for grad school.[/quote] Yes, that is too much in loans. We had to weigh our child’s needs and the resources of the schools, opportunities available and the areas they were in. The price difference was about $15k/year after a talent scholarship helped bring cost down a bit. My parents offered a little help (part of our college fund is from my grandpa when he passed) and the kid can do the loans +figure out extra scholarship money+a job that could help. To be honest, our child likely needs to have some skin in the game anyway. We’ll try to make it less painful and we will help to figure out refinancing if it makes sense after graduation. But we also have a child that isn’t the best student and needs to understand this is an investment in herself.[/quote]
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