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College and University Discussion
Reply to "Looking back, do you wish your child attended the least expensive college?"
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[quote=Anonymous]As the child of parents who told their kid to go to whatever college she wanted/best college regardless of cost who ended up footing the substantial bill in the end (my loans + my parents loans), tell your kid to pick something affordable. Did I enjoy my college experience? Yes. It was great going to a small prestigious LAC. Did I pay off all of the debt? Yes. But did it hamper me financially and career wise as a young adult? Yes. Absolutely. My kids will be told a budget. They will be told the consequences of exceeding that budget and they will be strongly guided toward making a financially smart decision. If I had gotten such advice from my parents, I would have made a very different decision.[/quote]
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