Is it worth taking a loan?

nohelicopters
Wed, 20 Apr 2016 21:04:08 +0000

It’s a very personal and fact-specific question. I wouldn’t pry, but the answer depends in part on how much of a loan you would have to take out, whether your retirement stays unaffected, whether there are more children in the pipeline, what is the next best school option, the nature of your child (will he succeed in a large state school, etc.). Education of our children is the best investment we can make, but I agree with others above that incurring $250K of debt would be a non-starter. Bucknell is a great school, but kids usually fall in love with the school they go to. If he got into Bucknell, he’s smart. He will likely succeed wherever he goes. Have faith. Good luck.