Comments on: How I Plan To Help My Children Avoid The Credit Trap (Part 1) http://www.ncnblog.com/2007/05/07/how-i-plan-to-help-my-children-avoid-the-credit-trap-part-1/ Debt Reduction Rocks - We Are Living Debt Free! Fri, 10 Feb 2012 00:09:10 +0000 hourly 1 By: Livingalmostlarge http://www.ncnblog.com/2007/05/07/how-i-plan-to-help-my-children-avoid-the-credit-trap-part-1/comment-page-1/#comment-12163 Livingalmostlarge Sun, 13 May 2007 05:37:14 +0000 http://www.ncnblog.com/2007/05/07/how-i-plan-to-help-my-children-avoid-the-credit-trap-part-1/#comment-12163 I honestly believe it's easy to teach avoiding CC debt, it's much harder to teach to avoid student loan debt. Especially if you don't plan or can't help with college, which I think takes a back seat to retirement savings. I honestly believe it’s easy to teach avoiding CC debt, it’s much harder to teach to avoid student loan debt. Especially if you don’t plan or can’t help with college, which I think takes a back seat to retirement savings.

]]> By: No Credit Needed » Blog Archive » How I Plan To Help My Children Avoid The Credit Trap (Part 2) http://www.ncnblog.com/2007/05/07/how-i-plan-to-help-my-children-avoid-the-credit-trap-part-1/comment-page-1/#comment-11649 No Credit Needed » Blog Archive » How I Plan To Help My Children Avoid The Credit Trap (Part 2) Wed, 09 May 2007 01:36:18 +0000 http://www.ncnblog.com/2007/05/07/how-i-plan-to-help-my-children-avoid-the-credit-trap-part-1/#comment-11649 [...] (This is part 2 of a 2 part series. Click here to read part 1) [...] [...] (This is part 2 of a 2 part series. Click here to read part 1) [...]

]]> By: NCN http://www.ncnblog.com/2007/05/07/how-i-plan-to-help-my-children-avoid-the-credit-trap-part-1/comment-page-1/#comment-11646 NCN Wed, 09 May 2007 00:23:40 +0000 http://www.ncnblog.com/2007/05/07/how-i-plan-to-help-my-children-avoid-the-credit-trap-part-1/#comment-11646 Thanks for all of the comments! As someone who never had to "worry about paying for college" because "I did not go to college"... It's not my "place" to make definitive statements about what OTHERS should do... I'm just stating what I would have done, at age 19, if I had the mindset that I have now, at age 32, and I wanted to go to college. Does that make any sense? In a bit (maybe tonight or tomorrow) I'll write a post about what I plan to do so that my kids don't have to "worry" so much about this dilemma... Two more quick points... There are some jobs that can be done w/ or w/out a degree, and I think that people should consider their actual "goal in life' before spending thousands of dollars on an unnecessary (or unused) education... Emily, I think that their are plenty of parents who are not "wealthy" (in terms of the salaries that they earn), who plan and are able to send their kids to school... that's what my wife and I are planning to do! Thanks for all of the comments! As someone who never had to “worry about paying for college” because “I did not go to college”… It’s not my “place” to make definitive statements about what OTHERS should do… I’m just stating what I would have done, at age 19, if I had the mindset that I have now, at age 32, and I wanted to go to college. Does that make any sense? In a bit (maybe tonight or tomorrow) I’ll write a post about what I plan to do so that my kids don’t have to “worry” so much about this dilemma…

Two more quick points…
There are some jobs that can be done w/ or w/out a degree, and I think that people should consider their actual “goal in life’ before spending thousands of dollars on an unnecessary (or unused) education…

Emily, I think that their are plenty of parents who are not “wealthy” (in terms of the salaries that they earn), who plan and are able to send their kids to school… that’s what my wife and I are planning to do!

]]> By: Jill http://www.ncnblog.com/2007/05/07/how-i-plan-to-help-my-children-avoid-the-credit-trap-part-1/comment-page-1/#comment-11629 Jill Tue, 08 May 2007 19:58:16 +0000 http://www.ncnblog.com/2007/05/07/how-i-plan-to-help-my-children-avoid-the-credit-trap-part-1/#comment-11629 I agree with all of this to a point. I went to a private 4-year college and graduated with about $30,000 in student loan debt. The rest was taken care of by parental help, good planning and tuition payments. I think it's the best investment I ever made. Yes, I make payments every month but I didn't sell my education to the lowest bidder and was able to have experiences that I NEVER could've had at a huge state university or starting at a community college. I now work for a small, private college and I talk with students every day who are terrified of taking out student loans. And I really don't get what the big deal is. They're so scared to take out loans that they'd rather work Full Time at McDonald's for the next five years of their lives? That's just insane to me. I had some less than glamorous jobs after graduation just to pay my loans, but I'd rather have them than no degree. Or, even worse, taking 10 years to earn my bachelor's because I can only take one class at a time. I agree with all of this to a point. I went to a private 4-year college and graduated with about $30,000 in student loan debt. The rest was taken care of by parental help, good planning and tuition payments. I think it’s the best investment I ever made. Yes, I make payments every month but I didn’t sell my education to the lowest bidder and was able to have experiences that I NEVER could’ve had at a huge state university or starting at a community college.

I now work for a small, private college and I talk with students every day who are terrified of taking out student loans. And I really don’t get what the big deal is. They’re so scared to take out loans that they’d rather work Full Time at McDonald’s for the next five years of their lives? That’s just insane to me.

I had some less than glamorous jobs after graduation just to pay my loans, but I’d rather have them than no degree. Or, even worse, taking 10 years to earn my bachelor’s because I can only take one class at a time.

]]> By: Moneymonk http://www.ncnblog.com/2007/05/07/how-i-plan-to-help-my-children-avoid-the-credit-trap-part-1/comment-page-1/#comment-11628 Moneymonk Tue, 08 May 2007 19:55:47 +0000 http://www.ncnblog.com/2007/05/07/how-i-plan-to-help-my-children-avoid-the-credit-trap-part-1/#comment-11628 Your words sound good. But not too many 18 year old will follow it. Because of their peers might influence them. Sometimes it's good to let them make mistakes to learn on their own. Your words sound good. But not too many 18 year old will follow it. Because of their peers might influence them.

Sometimes it’s good to let them make mistakes to learn on their own.

]]>