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College and University Discussion
Reply to "How large are the loans you've taken out to finance your kids college education?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]None, but that's a [b]function of affluence[/b] more than principle. Not sure how we would have handled college finances under other circumstances.[/quote] Its a feature of affluence, not a function of it. That's tautological. Clearly you're not the one earning the big bucks...[/quote] No, there are affluent people who *do* take out loans for college and non-affluent people who can't or won't or needn't take on debt to finance their kids' education. So I don't think it's accurate to say debt-free is a feature of affluence. Affluence is neither a necessary nor a sufficient condition for putting your kids through college without taking out loans. In our particular case, I think that debt-free is a function of affluence because it's possible that I/we would have taken on debt to send DC to college under different financial circumstances. Clearly there are other posters here that wouldn't have. [/quote]
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