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Dig:
I fall into the camp of doing everything possible, including loans and delaying retirement, for undergraduate education at the best school my sons can get into. When it comes to grad or professional school, though, I look at it a little differently. I hope both kids pursue graduate education, but we'll be repaying their undergrad loans for many years, so they are on their own to a large extent. And I honestly don't really feel bad about that -- my husband and I worked our way through college, with a little gas money on occasion from parents. We were able to do that because the COA at a UC was so low at the time, and we don't expect our kids to do that. But if they choose to pursue a PhD in a science, as others have said, there are ways to do that. If they pursue law or medicine, then they'll just have to take out the loans and repay them when they are earning the 'big bucks.' It might make them consider carefully whether that's a path they really want to take, and I do believe in people having a stake in their own education.</p>