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College and University Discussion
Reply to "Federal ban on legacy preferences?!"
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[quote=Anonymous][quote=Anonymous]I spent 20 years paying $100,000 in student loans from the 1990s. I feel like getting a legacy preference for my kid is the least the school could do for all the blood and sweat it cost me. Most of my 20 years of payments were just interest. I finally gave up and used home equity to pay it off figuring I wanted to be free before age 50. So legacy status isn't always about being rich and fabulous. [/quote] I’m confused given that legacy gives preference for admission, but not aid. What I hear you saying is that it was difficult to pay off your student loans and that it was a big drain on your happiness. What would be different for your child? Would he/she also have to take out significant loans to attend? Why exactly would you want your child to recreate what you went through?[/quote]
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