Are Student loans worth it for a top 20 school

kelsmom
Thu, 31 Dec 2020 16:36:06 +0000

If, after both parents contribute what they feel they can contribute annually to the student’s college costs, the shortfall would result in $110,000 in loans, Rice is unaffordable. End of story if it was my decision. I could debate all day long about middle class vs low income aid, fairness, etc (my career was in financial aid), but none of that is relevant to the decision at hand. There are certainly alternatives available to this particular student, and the family needs to close this chapter and move on. Many families (including mine) have had to do this … and the affected students have been just fine. Whine, opine, move on … but do your best to be positive for the sake of your child.