1104: Here’s Everything Parents Should Be Teaching Their Kids About Student Loans by Jeff Rose of Good Financial Cents
Optimal Relationships Daily - Dating, Marriage and Parenting
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How Much Do You Need to Borrow for College?
Parents need to feel especially comfortable discussing the financial sacrifices involved in funding college with their kids. Parents should be honest and up front about how much they're able and willing to help. Borrowing for college should never involve agreeing to whatever it takes to get the job done. A general rule of thumb is to not have your child borrow more than what he or she expects to be his or her first year's salary out of college. Compare college costs ahead of time and make sure the return on investment, r o i make sense for the degree you are earning as well as your future salary prospects.
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