Reply to s/o Is everyone on DCUM planning to pay for their kids college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents are seriously blue collar and scraped to put together the money to make sure I graduated without debt for my undergrad.  I think it would be an insult to their effort if I didn't do the same.  [/quote]

I'm paying for my kids.

I've noticed that blue coller types don't believe in the skin in the game concept that debt is good.  Seems to be something made up by people who make more money but want to spend more on themselves so they invent an idea (without any proof) that debt is good.  For me, debt caused a huge amount of anxiety and now I'm in a job I don't like but feel stuck because of my income.  It is depressing.

Besides I want grandkids someday.  Debt = delayed everything including having kids.  [/quote]

It's attitudes/fears like yours that embolden colleges to hike up tuition rates several times general inflation. I hope more people become savvy consumers of higher ed. Colleges and Universities have been looking at kids as clients/customers for years.[/quote]

That's 100% opposite of the truth.  It was the enlargement of the student loan programs that allowed colleges to increase tuition so quickly.  Letting an 18yo burden themselves with debt allowed colleges to charge more and more.  If students and parents had to come up with the money at the start of school, administrators would be forced to keep costs down.  Tuition rates skyrocketed with student loan programs.  You can find a number of articles out there discussing this. [/quote]

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