Let’s face it, college ain’t cheap. I escaped with only $28,000 of debt. Many of my peers faced six figure balances upon graduation. Yikes. I loved my private education, and am extremely happy I was able to go to the college I wanted to, as opposed to the cheapest or closest one.
Obviously I try my best to be financially responsible. The goal is to have plenty set aside for my 87 baby-ninjas college tuition. I mean, college expenses have NEVER snuck up on anyone. The day your kid is born you know you have an 18 year countdown to the first potential tuition bill.
But let’s be honest, sometimes life happens. Things don’t always go as planned. You find yourself fighting major unanticipated medical expenses. You lose your job. The economy tanks and your investments are cut in half. You become disabled. What do you do then?
How far would you go to ensure your child has the education they desire?
I don’t imagine I’ll be willing to go back in to debt for my kid to get an optional education, but until I am a parent I guess I’m not really qualified to answer. How did you respond? What did your family do for you?