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College and University Discussion
Reply to "How do you steer your dc from not getting caught up on private/$$ schools versus good in state public options?"
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[quote=Anonymous]Play it out with him. Ok, so he goes to private school X and graduates with $25,000 in student loans. He will have to start paying those back (six?) months after graduation. What job will he have? Where will he want to live? What will the monthly loan payment be? If he sees after rent, utilities, car insurance, phone, gas....he only has $500 left and $400 of that will be used for student loan payoffs, maybe he will change his mind. And what does that mean he has no money for? Movies with friends? Vacations? Cool new shirt? Ultimately, yeah, it's his choice, but I think having a realistic conversation about the financial burden he's putting on himself might change. [/quote]
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