My kids are 13 and 14 and I have only saved $200k for their college - am I wrong for wanting to also take on loans?
Briefly

from 24/7 Wall St.4 months ago
A parent's desire to help fund a child's college education must be balanced with personal retirement needs, considering the high cost and value of degrees.
24/7 Wall St.https://247wallst.com/personal-finance/2024/09/27/my-kids-are-13-and-14-and-i-have-only-saved-200k-for-their-college-am-i-wrong-for-wanting-to-also-take-on-loans/
With college degrees costing over $153,000, parents should consider whether fully funding these costs leads to a valuable return on investment for their children.
24/7 Wall St.https://247wallst.com/personal-finance/2024/09/27/my-kids-are-13-and-14-and-i-have-only-saved-200k-for-their-college-am-i-wrong-for-wanting-to-also-take-on-loans/
Too many college degrees are pursued without considering their return on investment, resulting in graduates burdened by debt and lower earning potential.
24/7 Wall St.https://247wallst.com/personal-finance/2024/09/27/my-kids-are-13-and-14-and-i-have-only-saved-200k-for-their-college-am-i-wrong-for-wanting-to-also-take-on-loans/
Data shows a bachelor's degree can significantly increase earnings; however, the type of degree matters, with engineering graduates earning substantially more than those in liberal arts.
24/7 Wall St.https://247wallst.com/personal-finance/2024/09/27/my-kids-are-13-and-14-and-i-have-only-saved-200k-for-their-college-am-i-wrong-for-wanting-to-also-take-on-loans/
Read at 24/7 Wall St.
#college-education #financial-independence #investment-return #trade-skills #student-debt
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