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College and University Discussion
Reply to "Have plenty in 529, but still taking out loans "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We saved heavily for our DDs college and have about $250K in the oldest and $210K in the youngest. We should have enough to pay full freight for any school they get into. However, since it looks like student loan forgiveness is going to happen, I’m inclined to change our plan and have them take out at least some level of loans just in case the next Democratic president decides to do another loan forgiveness right before an election. It looks like the interest will be subsidized while they are school and we can use the 529 funds for grandchildren or even take it out and pay a penalty. Is anyone else thinking this way?[/quote] No one who needs a break can ever catch a break with gamers like you out there. I worked my ass off to graduate in the top of my class as well as on the job to have money to keep afloat as did my siblings. We paid back all our loans. [b]We are people who needed help.[/b] You have enough to pay full freight and now you want to game the system and make it more expensive for kids and family who have to struggle to make it happen. LOTs of kids work in states making $7.25/hour, etc and you want to run up tuition because you've got the money to do it. I don't care you who vote for - you're not better than those reaping corporate subsidies and paying zero taxes due to write offs - "only the little people pay for college."[/quote] I don't understand. You needed help, and you got help, in the form of loans. You paid them back. You're an argument against loan forgiveness, not for it. [/quote]
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