My EFC is $46K?!?!

Bay
Tue, 16 Feb 2010 15:00:03 +0000

I’m so mean that even if I COULD afford to pay full freight, I would make my kid take out the stafford loans ANYWAY. I might help them pay them off after school, but it would put their skin in the game and repaying on time helps establish credit. Am I mean or what !?



Not mean at all; we are doing this with both Ds for the reasons you give. I did this when I was in college, and I don’t see any reason why they can’t do it too. The Stafford loan amounts to only about 15% of the total cost of private college for them.