Reply to Have plenty in 529, but still taking out loans

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I know a couple of middle class/lower middle class families that have taken out truly insane amounts of loans for their kids. I hope that’s uncommon. I know someone whose family owes a total of $140,000 for their child’s completed bachelor’s degree at Pitt. They’re instate for it. I know this because they’ve brought it up in conversation. I know someone who has been taking out the whole cost of attendance for their child’s (OOS) degree at UDel.

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If those are federal loan, it’s actually a great idea right now as there are no interest charges.  And add on loan forgiveness possibility, than those parents are actually winning. [/quote]

Nobody is forgiving $140,000 or even $100,000 in undergraduate parent plus loans. Get real.[/quote]

If it’s federal loans, having $100,000 interest-free is real money.  (Duh!!!) You can leverage that money for other investments, loans, properties, you name it. [/quote]

If you’re LMC you’re not paying back $100k in any manageable timeframe. [/quote]

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