Reply to Unpopular Opinions

Forum Index » Money and Finances

Reply to "Unpopular Opinions"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you need to take out parent plus loans or private bank loans to afford a kid's college you can't afford the college and neither can your kid. If you can't afford it now there is no chance you can afford paying it plus interest for the next 20 years. [/quote]

Completely agreed with this--PLUS and private should be avoided unless it's just for liquidity purposes. For an undergraduate education though I'd say federal student loans are a great financing option and students/families should not be scared away from them. I'd also say public all the way especially for undergrad. Private colleges and universities are not worth it. [/quote]

I could see some exceptions to this.  For example, a low income family that co-signs modest loans to afford community college + transfer to an inexpensive state school.  Assuming the child works during the summers to minimize loans they should be able to repay their parents for the loans after graduation, especially if they pick a marketable major.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics