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I have a max number in my head of loans (~60K over 4 years) which I will allow her to take on.
If she is going into medicine, law, advanced technology, advanced politics, and so forth, where college pedigree is a MASSIVE factor in terms of job options post graduation, and they tend to more than pay for the debt, more money can justifiably be borrowed.
There should be a full one year HS course in Finances for all US students, complete with honors options. She did have a class where they made her do all the research of a budget, from car payment and insurance to apartment rental, based on a salary. A good exercise, but should be an in depth course for a year.
Probably not a good use of time for some students who know or can quickly learn that on their own, so a test-out option should be offered. Also, the prerequisite for such a course probably needs to be a match course where one learns exponential functions, since that helps understanding stuff like compound interest.
I guess we could just agree to disagree.
personal finance IS a required one-semester course in NJ...and making Algenra II a prerequisite is non-sensical.