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Tweens and Teens
Reply to "MS parents: How much have you saved for college (529, etc.)? "
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[quote=Anonymous]![/quote] I’m always amazed by parents who won’t let their child make an educated decision on whether they can take on debt. Fortunately, my parents had open and honest conversations with me about the issue. I choose to take on debt so I could attend a college that was the best fit for me. As a result, I’m earning a healthy salary that I guarantee you I would never have earned if I went to a large, public university.[/quote] Disagree. Kids at that age do not understand debt, especially large debt. You go where you can afford with the least amount of debt. My spouse went to a no name, no one has ever heard of school and is doing very well. If parents can and are too selfish to save, then there are few options, especially if parents have good incomes and kids don't qualify.[/quote]
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