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Reply to "Networth Doesn't Mean Much in DC it seems"
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[quote=Anonymous][quote]I have a question and I am NOT being snarky but I am ready with my body armor for all of the insults I am sure I am about to receive! Why does everyone feel they must pay for ALL of their childrens' college tuition? I certainly WISH my parents had been able to pay for mine and I am sure they wished they could have footed the bill for me too, but they could not. I went to a private, relatively expensive university, had some scholarships and a tiny bit of financial aid but the rest I paid for myself with hefty student loans (which I paid off by the time I was 26 and it was the happiest day of my life)! I also worked while in college and played sports, etc. and somehow managed to graduate at the top of my class (i.e. just pointing out that my grades did not suffer, I played Division 1 sports, had a job, and still paid for most of my tuition on my own). It seems reading these threads of people being stressed about money that most SEEM to be stressed about college tuition. What is wrong with having the kids participate? Again, no snark, just a question. [/quote] There's nothing wrong with it, but of course if you have the means, it is a huge leg up in life for people to not have debt, or have enough debt so they can pay it off by the time they are 26. And college is more expensive than it was when you went to college, so footing all but, say, 20K of debt is still a lot of savings, since that probably won't even cover tuition plus room and board at a state college for a year. Also, I have met a lot of recent graduates who look for over a year for a job after graduating and cannot begin to make payments until then--or are laid off since the economy is crappy. Also, if you have large loans, sometimes it keeps people from pursuing graduate degrees like M.D.s or J.D.s I mean, you basically need to take out 200K of loans to become a medical doctor, and if you have 50K or whatever of undergraduate debt...that is a LOT of student loan debt to deal with.[/quote]
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