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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I showed my kids how taking out the subsidized loans helped their credit. They did so. I'll pay them off three months after graduation. When they'll have credit at 720plus.

They've also had Roths since they were babysitting at 13/14 years old.

I'm big about financial literacy [/quote]

That's a lot to pay for credit. I'd rather my kids just build their own with responsible use of credit cards - free way to build credit.
[/quote]

Our DC had no loans and built fantastic credit through judicious credit card use in college and in the year since graduation. Credit rating is excellent and not a single loan. Full disclosure, we were fortunate to be able to afford DC's preferred SLAC using savings plus 529 plus other money, but if we hadn't had enough, we would have found it in other ways and still not taken out, or had DC take out, any loans.

My own mom, decades ago, was determined that I not have debt when I graduated from college and she saved very hard to ensure that, for which I'm still eternally grateful. DH and I wanted the same for our DC--not starting life after college with debt.[/quote]

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