Is the Debt Worth It?

a2momm
Tue, 17 Apr 2012 19:54:05 +0000

Originally Posted by Yajayyy
I feel like you’re saying my parents are at fault for not being able to contribute. They have monthly bills and a mortgage to pay. I don’t know many families who can shove out 2k a month for no reason. I asked for insight and advice not criticism about my parents.

I don’t think you should feel bad about your parents situation at all. We are in a similar situation with our daughter. On paper we apparently look like we can pay a lot but the reality of the situation is that after private high school tuition we really are streched to make our current payments. D had to decide between Carnegie Mellon engineering and UMich CoE. We are in-state so the difference between $60k yr v $25K yr has turned into somewhat of a no-brainer. Student loans NEVER go away and debt is no fun. That diploma gets in hand and you will be much happier with less debt staring you down-IMHO. Good Luck, and given that you are a great student continue to work hard and you will make your own opportunities!