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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You pay[/quote]

Everyone may not have the same financial situation, so that may not entirely be possible.[/quote]

IMO, beyond the federal loans of ~$27K total, you should not be taking parent loans.  There are ways to get a good education without doing that.

State school, federal loans of $5.5K/year, kid works to earn $10K+ (entirely possible when min wage is over $12/hr), and you search for merit.  Most states have schools at $25-30K.  A good student can get $5K+ merit many times.  Then parents owe $5-10K/year.

If that is "not affordable" then you do CC while living at home, and then transfer.  All the while working to earn $10-15K/year (If I could earn $5K+ in the summer while getting paid $4.25/hr, most kids can earn up to $15K in a year with a PT job during the year, FT during all breaks).

But what you don't do is put a kid (who comes from a family that cannot afford to pay $5-10K/year for college or hasn't saved it) into massive debt.  Not worth it
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