Reply to What is a "donut hole family"?

Forum Index » College and University Discussion

Reply to "What is a "donut hole family"?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm in NW DC and almost all of my friends here went to elite universities and had undergrad paid for by family.

I grew up near Reading, PA.  My mother was a nurse and my father worked for the state of PA.  
I had loans for undergrad, as did my entire cohort of friends.  Many of us only paid off our own loans by age 30 or 35.  Those who went on to professional school were still paying at age 35.  My brother went 
to medical school and didn't finish residency until age 32 and only then could he start aggressively paying off a huge debt and his salary as a physician is still not impressive by DCUM standards.

I think people on DCUM forget that many people are paying for their own education well into adulthood.  It's a whole different life if you start off your adult life with giant loans.  
The person who gives the example "well, just keep living in the house you bought at age 27!" is so out of touch.  You know that many of us had NO ability to buy a house at age 27?!!! We had 100K in loans at that point and were living with 3 roommates trying to pay them off. [/quote]

Do your kids a favor and have them graduate with minimum debt/loans. You know how limiting loans can be on your upward mobility. Send them to your state universities! Why is this so difficult?[/quote]

How much do I need to save per year to afford a state university with room and board?  It seems they have gotten expensive too. :(  [/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