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Reply to "DS upset about loans"
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[quote=Anonymous]If this is your child’s first exposure to a group of people wealthier than he is, it’s may be culture shock and envy. Also envious of the roomate who seems to have been luckier with the scholarship. First, you call out the envy and how it’s apart of life that we meet those richer and those who may seem to be more “lucky” in life. Then get to the practical side of whether he’s regretting the choice to attend a school outside of the price range that would allow him to buy Starbucks. It’s almost like immediately regretting the stretch to buy the smallest house in the nicest neighborhood and being house poor while surrounded by mansions. If he loves his college, he needs to get a job. If he wants to transfer, now is the time to look and help him make a better choice. His first instinct as a young adult is to blame his parents for somehow not being rich enough to keep him in the lifestyle he feels entitled to. Shut that down. He’s an adult who made a decision. If he regrets it or doesn’t like the reality, he has the tools and ability to do so and you will be there for him. Student loan debt is the worst and unless it has to be taken on, it doesn’t make much sense in 2025 to do so. Many, many wonderful colleges, even private LACs, that don’t cost 92k a year. [/quote]
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