re: The wife and I made a difficult decision this weekend

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DO set aside a reasonable amount annually to give them upon graduation which will help them pay off their loans. They will also have learned valuable lessons in making financial decisions (aka the cost / benefit of their choice in college, loans, etc.) as well as truly understand the cost of college which will likely result in them taking it more seriously as an 18 year old freshman

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Were you in lala land when you made this chain? It seems you are missing a step: aka where they have to balance the bills when it comes due. How loans are just advancing future money to the present and you can easily find yourself under water if you aren’t careful.


Letting them take out loans from the magical money vending machine on the internet, which they are likely to defer on interest for making it worse and then helping pay them off after graduation without leaving the grace period will not have the affect you meation.

If anything, it can very easily teach that “dad will bail me out if I get in over my head.”