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Reply to "Is it messed up to not save for your kids college even if you can afford it?"
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[quote=Anonymous]Things are different now, my friend. I was told not to graduate with more debt than I would make during my first year of employment. I think that was really sound advice and lead to my making some very sound financial decisions. I majored in English but I went to a cheap school and graduated with little debt, substantially less than my starting salary. But as you say, the price has risen and has far outpaced the rise in salaries. I’m in Virginia and right now the estimated cost of attending JMU (in state) is about 30K. If someone did that all with loans, they would start their professional lives 120K in the red. The major with the highest starting salary (software developer I think?) pays like 110 to start. So even choosing the highest-paying salary at a state school won’t get you to the point where you can reasonably pay off those loans unless you have help or work a lot during school. [/quote]
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