Reply to How do you feel about making your kid get student loans?

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[quote=Anonymous][quote=Anonymous]This is a 5%-er or maybe 3%-er topic. 
So much of the rest of us don't have the capability to full pay.
Those kids are glad to go to college and taking out loans is part of that for them. Beats working 40 hours a week and carrying a full load or taking extra years to finish. They also know that parents need to save for their retirement so as not to be a burden later and to preserve the nest egg by NOT co-signing.
Lucky those for whom this is a question.[/quote]

My "slightly above average kid" got into 2 state schools (#2 and #3, after the flagship).  Total costs were $23-25K.  My 3.5UW/No AP/1200 kid got $4K in merit from one and $6K from the other.  So lets assume $5K and now costs are $20K.  Minimum wage is over $15/hr.  My kid can easily earn $15K in a calendar year (full time for summers and breaks, 10-12 hours PT during school year).  There is ~$5K remaining.  I would hope parents can assist with that, and if not, you are eligible for subsidized federal loans.

As a parent, I'd find a way to earn an extra $500/month to help my kid, if I haven't saved anything for college. But that is not many on DCUM.  
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