Crazy Debt....What were the parents thinking???

OffTheyGo
Tue, 05 May 2015 14:02:19 +0000

Threads like this make me thankful my kids will graduate with little or no debt. They were admitted to a couple of their reach schools, but had outstanding merit offers at other very good schools as well. While we are dual income, we did not amass huge college savings for a number of reasons. I can assure you it wasn’t living beyond our means. We drive 8 and 10 year old cars that we bought used, pay the credit cards in full every month, have never been on a tropical vacation, and will not be gutting the kitchen anytime in the near future. Property taxes are also stupid high here…we call that our “public school tuition”. :). We explained to them that attending their dream school would mean an unrealistic debt load for us and them, and though a bit disappointed, they understood. I have no doubt they will soar, regardless, and they seem quite happy with their choices. We will also be in a better position to help them down the road if they need it. It’s OK to not go into crushing debt for a college degree. I wish more high school guidance counselors preached that.