<p>I think the OP is right on target with every statement!</p>
<p>Many parents and *mom’s on this board overvalue the net impact
of college loans and undervalue the long term impact of the best undergraduate degree that you can muster.</p>
<p>For example, my dad tells me I’ll likely be looking for jobs at least 10 times in my life time. Every time I look for a job, that undergraduate degree comes into play. Not just for the first job.</p>
<p>I don’t know all the details of college loans, but I’ve heard of cases like this …</p>
<ul>
<li><p>Columbia law grad was forgiven student loans for working couple of years in non-profit. Medical graduates pull the same trick serving in underserved places like Africa.</p></li>
<li><p>If your Dad takes out huge Plus loans and he dies, his personal loans are written off.</p></li>
</ul>
<p>I know there is something called the time value of money.
But if you borrow $100K more money at 8% interest and
start making $500K bonuses 5 or 10 years out, I’m sure
the math works out favorably. </p>
<p>That’s the same reason a lot of people take out huge loans for med school, dental school, law school, top biz school etc.</p>