Reply to Middle class families - Are you willing to take on a ton of debt for a top college?

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[quote=Anonymous]Absolutely not. We are a middle class family who are trying to send two kids through private high school, and only able to do so due to merit scholarships. While we have saved towards college, we have not saved enough and do not earn enough to pay for a $70K per year university for four years. We are very much against large student loans, and do not want DC beginning their adult journey saddled with a ton of debt.

We have always told our kids that if you wish to attend a pricy school, you will need to earn some merit aid or lower your expectations. My DH went to Hopkins, but only because he was able to get a full ride on merit. The whole high powered social connection world is very foreign to us, and going into debt to try and shoehorn your way into that world has no appeal for us. There are plenty of schools that we CAN afford that offer a fine education. For those that can afford or earn a place into an HYP type school, bravo. We simply will not incur years of debt to give our children that experience.[/quote]

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