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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]I expect/am planning to save enough for college, but if something happens to derail those plans -- I would encourage my kids to take out student loans, but assist them with prepayment to the extent possible. My parents felt bad that they couldn't afford my college, and I had to take out loans. Later when they were in a better financial position they "paid back" what I'd had to borrow, long after I'd paid off the loans. I used that money to prepay on my mortgage. It was a really nice gesture and I know I will pay it forward if I am not able to fully pay for college.[/quote]
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