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[quote=Anonymous][quote=Anonymous][quote=Anonymous]But PPs make it sound like it's impossible for any kid to manage it themselves these days. I don't buy it. 
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You were able to figure out how you'd finance the cost of a $240,000 education by yourself at 17?  That's really impressive, but very unusual. [/quote]

No kidding. It's simply not the same now, the cost of college is so much more than it was 25+ years ago. When I graduated from college, I had student loan debt of $7500. That amount of money was just about equal to year's tuition plus room and board. (My parents and financial aid covered the other 3 years.) That same college now costs more than $50k per year now. Teenagers cannot borrow that much money. Stafford loans are limited to $5500 for freshman year. If you want to borrow more than that, you need a cosigner. Good luck finding the additional $45k without your parents' involvement. Winning a $1000 scholarship here and there is not going to cut it. And if I'm spending $45k PER YEAR on college, you better believe I have some opinions on how and where it is spent.[/quote]

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