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College and University Discussion
Reply to "How do you feel about making your kid get student loans?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We saved enough for our kids not to need loans, but if it had been necessary I would not have been averse to them taking out a modest amount up to the federal cap (about $27K total IIRC). I would never take out a Parent Plus loan for education however.[/quote] I'd say exactly the same. Plus your DC can earn $5-$10k between the school year and summer to contribute. Getting a job as an RA beginning sophomore year is not that difficult and covers full room and board. [/quote] It actually is difficult at many schools. But I agree, your kid can easily earn $10K+ over the year, more likely $15K+ (summer and all breaks FT, and PT during the school year). [/quote]
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