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College and University Discussion
Reply to "DS upset about loans"
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[quote=Anonymous]OP, do you have Parent PLUS loans? As others have mentioned there's a a roughly 5k federal limit for students. Our kids aren't in college yer, but we're in a similar boat. We haven't decided on an amount, but they know we're not paying 90-100k a year. We're thinking somewhere between 50-70k and then paying whatever the increase is for each year. But we won't sign parent PLUS loans so they won't end up with too much debt if they go somewhere more expensive. I'm surprised your son feels this way unless he went to a school like Sidwell or Potomac where no discussion of cost takes place. It's pretty common for parents in even places like Bethesda or Arlington to make their kids go in-state, especially if they get in somewhere like UMD or UVA. If he keeps complaining or is really struggling financially, suggest he consider transferring to a cheaper school. He may be resentful, but try to keep a positive relationship.[/quote]
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