tag:blogger.com,1999:blog-16217624.post113495496689419336..comments2023-07-02T03:51:34.639-07:00Comments on Financial Baby Steps: Should I Be Paying For My Own College?Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-16217624.post-1135698500214768102005-12-27T07:48:00.000-08:002005-12-27T07:48:00.000-08:00I went to a private school and took out the max in...I went to a private school and took out the max in subsidized loans. My parents paid for the rest. Now I'm paying $90 for the next 15 yearsPeachyhttps://www.blogger.com/profile/09315027590748875288noreply@blogger.comtag:blogger.com,1999:blog-16217624.post-1135052185246492542005-12-19T20:16:00.000-08:002005-12-19T20:16:00.000-08:00I do remember my dad tearing his hair out when my ...I do remember my dad tearing his hair out when my sister and I were taking classes in painting, Sanskrit, etc. He kept asking what kind of edge that would give us in the work force but I didn't really get it. I wish now he'd encouraged me (or rather, that I'd listened) to major in something a little more practical than literature. A nice journalism degree would have looked a lot better on my resume when I graduated at age 20 with virutally no job experience.Tiredbuthappyhttps://www.blogger.com/profile/17292908687495239545noreply@blogger.comtag:blogger.com,1999:blog-16217624.post-1135014772289580522005-12-19T09:52:00.000-08:002005-12-19T09:52:00.000-08:00I have no idea if this is a wise thing to do or no...I have no idea if this is a wise thing to do or not, but a friend of mine in college had the following deal with her Dad. She took out the maximum allowable of student loans each of her four years of undergraduate. If she graduated in 4 years her Father would pay half of the total loan amount within 6 months of graduation. If she graduated with a 3.5 or higher gpa he would pay 100% of her loan balance within 6 months of graduation.<BR/><BR/>He did this to motivate her to study hard and do well. He was concerned when friends children were taking the "professional student" approach to undergrad and taking 5 or 6 years to graduate (if they graduated at all). <BR/><BR/>I know that this carrot and stick approach did get her out of bed on cold snowy mornings to make that 8AM class and she did graduate with a 3.8 gpa and did it in 4 years. She said having to sign those loan docs twice a year make the pact with her Dad real.Anonymousnoreply@blogger.com