Should You Go Into Debt...

Avatar for cmkristy
iVillage Member
Registered: 07-05-2005
Should You Go Into Debt...
Mon, 01-10-2011 - 12:38pm

... to send your kids to college?

For many people, it's understandable and normal to throw everything you can at your kids so they can go to college and get that degree. After all, they'll take care of you when you get old, right? And what about after college? Does financing your kids end there? Well, we may all wish that's the case, but the reality is that with an unemployment level twice as high as the general population, 20-somethings are coming back home to their parents in record numbers, and rarely at no cost.

Read more here:

What do you think?

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iVillage Member
Registered: 05-27-1998
Mon, 01-10-2011 - 6:43pm

I didn't click on the link so this is really an off-the-cuff reply, but I think this is a matter of values. People go into debt for all sorts of reasons--cars, houses--and these reasons reflect their priorities. I can't imagine jeopardizing

Community Leader
Registered: 12-16-2003
Mon, 01-10-2011 - 9:25pm
Nope, I will not go into debt for our kids' college. We will help with what we can, but they will be adults and can go into debt all by themselves.

Ramona  Mom to 2 great kids and wife to one wonderful hubby since 1990!

Avatar for suzyk2118
iVillage Member
Registered: 07-30-1997
Tue, 01-11-2011 - 9:10am

My folks passed almost 3 years ago now, and only because of that we are able to send our ds to college the university of his choice.