<p>Wow! I never imagined I’d ever receive such a big response, but thank you for your answers. I see where everyone is coming from as far as the unforeseen future goes. I just wanted to clarify though, that I do understand why graduating debt free is a good thing. I was just wondering why it was often used as the only option when it comes to post-secondary education. In addition I agree with many of you that for the average American family, that 40k of more is a lot of debt and I definitely don’t think getting 100k plus in loans to go to an ivy is a good idea. </p>
<p>Overall I think the consensus may be that parents need to decide what they along can afford to contribute after graduation in the case that their child doesn’t get a job …</p>
<p>Still, I find it interesting that so many people are firmly against debt. It seems that many of you would never take out loans for 40k cars, but I know many people on a personal level that do… Granted they are all adults who make decent salaries.</p>