Reply to Michelle singleterry article yesterday

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Reply to "Michelle singleterry article yesterday"

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[quote=Anonymous][quote=Anonymous]When the time comes, the money we have will be what it will be, and we will take a similar approach to that described in the WaPo piece, because we are unwilling to incur (or allow our kids to incur) debt for undergrad education.  Our kids may not get merit aid.  If they are Harvard material, we will be expected to foot more of the bill than what we have available. [/quote]

All I was suggesting was to keep an open mind. Why forbid your DC from taking on any debt for college?  It is their life. Federal student loans are pretty good deals, especially considering they offer income based repayment that would forgive much of the debt if DC goes into public service or a lower paid profession. I agree that it is generally a good idea to stay away from private student loans and parental loans.

BTW, it seems to me that you have done really well saving up $250k for your kids' college funds. You're probably also going to be able to afford to pay a decent slice of college expenses out of current income. If the kids earn work-study and summer employment, you've covered tuition and a part of living expenses.  Federally subsidized student loans (not parental debt) would pretty much cover the rest, assuming they aren't eligible for any grants.[/quote]

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