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College and University Discussion
Reply to "How large are the loans you've taken out to finance your kids college education?"
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[quote=Anonymous]My parents paid for undergrad, law school, and med school for me and my sibling. They were well off, but not really rich - e.g., new cars but not fancy cars. We also never had an allowance, our parents just bought us what we wanted and needed that was reasonable. We both worked very hard, and didn't need "skin in the game" to do it. And we would both take care of our parents if that ever became necessary. I expect to do the same for my kids. I might take out a loan for their college/grad school,, but that's because I know our retirement savings, when we can access them, will be sufficient for us to continue to live reasonably. If I thought I would be a burden to the kids later, I wouldn't take out a loan. [/quote]
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