middle class college parent wrote:
It really is out of control because it's getting to be unaffordable. I have two kids right now who are both in private colleges. I am taking on the funding for this because I am not sure how they would be able to afford to live otherwise when they graduate.
I'm not buying that any one group deserves student loan forgiveness over another. We're swimming in bills right now. I live in a state that is pushing public college for free at the expense of taxpayers. Those public colleges do not have the course of study for either of my kids. I'm having trouble sending my own kids through college so I'm not interested in breaking my back putting others through college also.
Restricting increases in tuition to inflation is something that can be discussed. Forgiving student loan debt will turn the world upside down. Someone has to pay. At the end of the day I am unwilling to pay the debts of others. After my kids are out I want to start earning for my retirement.
I pay a lot of taxes and I am always happy to see it helping others but if people want me to keep working hard everyday there has to be some incentive for me. If all my wages are going to go to everyone else and I don't get to keep any of it I will not be working anymore. That my friends is the bubble that is bursting right now at least in my life.
What made you decide to take on all the debt yourself for your kids? Or did you just co-sign and do not expect them to help out paying it off? I'm 29 now, and when repayments started for me owed about 80k. My parents had always made it very clear i was on my own to pay for college, so i've never expected nor received a dime from them. I'm curious how someone who is willing to pay two private school tuitions, would be unwilling to let some of their tax dollars go towards lowering/supplementing those tuitions.
Like middle class college parent, I paid for my 3 kids’education entirely. My kids are debt free.
My parents paid for my college education; I helped out by winning a scholarship so essentially they undertook room and board and fees. I paid my own way through graduate school.
I honestly don’t understand the point of your question in your last sentence. My view is that education (college) costs are up to the individual or their parents/sponsors, and that taxpayers have no obligation to subsidize college costs.