<p>I don’t think it is possible for a kid to carry that much debt. No bank will loan that much to a undergrad and federal guidelines for student loans is about 30K max.</p>
<p>I believe in my kid but that isn’t tangible, its emotional. My debt vs their debt doesn’t matter either. It’s cost to benefit ratio, period. Since you don’t know the benefit, as an investor, well, not gonna throw money at it to the point I’ll never be able to retire.</p>
<p>Why do we every year see countless stories about students graduating from pricey schools (usually NYU) with 200,000 in debt? How do they even get these loans? </p>
<p>Not sure I see the big distinction between student or parent debt. My parents could probably get loans more easily but I’m not so sure about repayment. They are not young don’t really have extra money either.</p>
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<p>Everyone has different values and thoughts on this and it is personal and I respect yours. I simply feel quite differently. </p>
<p>I surely DO know the benefit as an investor. I did not send my kids to college just to obtain a job. I sent them to become educated. I highly value education. My kids will benefit in life by being educated individuals. They also had wonderful college experiences that are worth something in themselves. College is not all about a major. I don’t care what my kids major in. No college or major is a guarantee of a job or an income. But being educated is worth it in its own value, not to mention that college education is necessary usually in terms of a better career than not having a degree (and I am not simply talking about performing). I feel every penny and years of paying loans as a parent has been very worth it. It is the most important gift I can give my kids and then they are on their own. I have one kid going to college for 8 years (undergrad and grad). My theater kid is 23 and out of college now for 3 years and has supported herself since graduation day entirely in the fields of music and theater. Funding my kids’ education has been very important to me. They did their part by excelling prior to college and then taking total advantage of their college and grad school educations. So, I am happy to do my part. I’m not saying this is right for others but it is right for me.</p>
<p>What job they get after college is not the indicator for me as to the worth of my investment. However, so far so good on that front anyway.</p>