Parents, how do you pay for college ?

[twoinanddone]

I’m committed to doing all I can to get DS through college without debt

I did too, but it became impossible. They took no loans the first year but did have loans years 2-4.

Students in the top 10% of their class with ACT scores in the 33-35 range may have more free rides or 100% tuition options. The 90% of kids not in that position may have fewer options, and most options will include loans.

[cshell2]

@twoinanddone

I’m committed to doing all I can to get DS through college without debt

I did too, but it became impossible. They took no loans the first year but did have loans years 2-4.

Students in the top 10% of their class with ACT scores in the 33-35 range may have more free rides or 100% tuition options. The 90% of kids not in that position may have fewer options, and most options will include loans.

I got my threads mixed up. I thought I was replying to the 1% student thread and the comments on borrowing above the cash budget for Ivy.

[jmnva06]

@Sybylla

Regret about debt is not really an issue until they become a regret. That is when there is a health crisis, unemployment, implosion of a rather delicate looking economy. I only think you can only declare yourself regret free is once there is no debt left and your future is fully funded. I would totally regret having to borrow PP and have my kids borrow max direct loans. Even direct loans become an issue for low paying jobs in many states.

I disagree. It is about making logical risk-based decisions We have a reasonable sense of my likelihood of unemployment and based on that we took on a level of debt that we are comfortable with. We also have enough income that we can subsidize our kids as they get their start in the job market.

[cshell2]

@jmnva06

@Sybylla

Regret about debt is not really an issue until they become a regret. That is when there is a health crisis, unemployment, implosion of a rather delicate looking economy. I only think you can only declare yourself regret free is once there is no debt left and your future is fully funded. I would totally regret having to borrow PP and have my kids borrow max direct loans. Even direct loans become an issue for low paying jobs in many states.

I disagree. It is about making logical risk-based decisions We have a reasonable sense of my likelihood of unemployment and based on that we took on a level of debt that we are comfortable with. We also have enough income that we can subsidize our kids as they get their start in the job market.

Some people are not comfortable with that risk and I’m one of them.

[skieurope]

MODERATOR’S NOTE:

This is a joke for those that don’t get the reference.

I did not get it, so I deleted it as pointless But if this is what the thread has devolved to, it’s time to close. I think OP has received enough new feedback