<p>Is it normal to feel guilty for the money parents pay for college? My parents have lots of loans and only make $70k, and paying for Purdue will cost them upwards of 30k a year.. I feel so guilty because it seems as if they will live poorly when I'm gone. My family in India relies on my dad's income to pay off some of their loans also. On top of that, I doubt my 7 year old sister will get every thing I got when I was her age, because of such expenses.. is it worth going to a cheaper school with the same program? I want to do chemical engineering, which is ranked 12th in the nation at Purdue, but 67th at a Missouri state school. The state school costs around 15k less and I would be closer to my parents.. what should I do?</p>
<p>get a loan</p>
<p>My family makes enough to support me and themselves while I am in college, but I still feel guilt about going to a pricy private school. I guess the best I can do is get a job at school and try to pay for what I can. Maybe you will do the same. You can also get a great job and support them later - help pay for your sister's college?</p>
<p>Yes I was thinking about getting a job and later helping to support my sister, like you advised. My family won't live in poverty or anything (We're in a 260k house), but I feel as if they will have to cut down immensely on spending, and they won't enjoy as much as when I was with them. The thing that really bothers me though, is that my dad said he might take money out of his retirement to pay for my college.. is it still a good choice to go to Purdue?</p>
<p>Once again... YOU should get a loan. Then, you can pay it off later.</p>
<p>What if I'm not eligible for a loan big enough?</p>
<p>Wait what do you mean by ME?</p>
<p>yes - still go to Purdue, if it is where you want to go. you will most likely get a great job (expecially if you do engineering) and they you can support your parents in retirement</p>
<p>I would also consider state schools if they gave you a full scholarship and a spot in their honors program.</p>
<p>meh, I am pretty well off. Even so, my parents owe me for how screwed up a childhood they gave me.</p>
<p>My dad put himself through Carleton without a dollar from his parents. Although college was cheaper back then, get involved in a work-study program and an out of school job. This will ease the stress off of your family tremendously.</p>
<p>go to the bank and get a loan.</p>
<p>my lord its not that hard.</p>
<p>^^.. what? How can you make the assumption that getting a loan is easy? Have YOU done it?</p>
<p>Smokemirror Amen</p>
<p>Get a job to help out, so you can go to Purdue without the guilt.</p>
<p>You really need to sit down with your parents and have a discussion with them about this. We don't know the intricacies of your situation. For example, while people here are telling you to get loans, you may have enough equity in your house that it may be a lower interest option. We don't have the answers to these...your parents do.</p>
<p>:)</p>
<p>um yes I have. Not all to hard. a bank will pretty much give any student a loan.</p>
<p>check out salie mae and a few others. just search for college loan servies.</p>
<p>I told my mom id pay her back the $160k or so when im rich :)</p>
<p>I plan to pay my parents back. They're paying my tuition with their savings for retirement, so I'm eventually going to pay for it anyways.</p>
<p>Do student loans in the states have interest on them? </p>
<p>This may sound like a silly question as i assume they do (otherwise i assume there would be less parents paying). Its just that in some countries you can get loans without interest to pay university fees. I was not sure if thats the case in the states...</p>
<p>Crazy Indian, talk to your parents and tell them that you feel guilty. Then maybe you could work out a plan as a family and at least get it off your chest.</p>
<p>this isn't europe :) yes, there is interest.</p>