<p>You are right, GTalum. I am (perhaps overly) risk averse, and would not want to be forced to sell my home to pay off my child’s student loans (and then where would I live?!). You’re totally correct that each person must look at their own situation and weigh the risks for themselves.</p>
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I agree that we need to say no to ridiculous tuition. And it’s hard! My daughter is looking at expensive colleges. She’s going to have to figure out how to make that happen, which she understands.*</p>
<p>Your family needs to determine what you are willing to pay for school from savings, loans & current income & make sure your daughter understands.
There are many affordable paths to a college degree, and the sooner your daughter believes that she does not need a <em>dream</em> college, the sooner she can make a realistic list everyone can live with.</p>