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Reply to "Why pay all of kids' college?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most of the people I know didn't have loans.[/quote] Are most of the people you know from very upper class families?[/quote] No, it was just cheaper back then. But now that I think about it, I know people who had grad school loans.[/quote] I don't know a single person who didn't have undergrad loans who wasn't very wealthy. (class of '89)[/quote] I think people either not knowing anyone who had an undergrad loan vs. only knowing people who had loans exemplifies the bubbles in which we live. In theory, college should mix us up, but it seems we end up finding people from similar SES backgrounds regardless. Not only do I know very few people who didn't have loans, I also knew very few people who had parents who had attended college. There was a PP in this thread who posted about paying for tuition because their parents had done it for them and their parents (so grandparents) before them. It was established "tradition." I can think of one girl I met in grad school who had a grandmother who had a college degree (which was a cool story in its own right considering that was more rare for women so many years ago).[/quote]
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