Parents fear
Generally parents fear that if they allow their child to take debts at their young age then they might fall in serious financial crisis after they grow up. So, most of the parents fear to take heavy debt for their child's education as a result their child are unable to take up their dream career. I have faced similar type of problem few years back. Has anyone faced this sort of problem?
I think, where possible, it is best that the young person take on student loans themselves. Yes, they will have to pay back debt, but hopefully, they will take their education and their future career more seriously if they know they are the ones paying for it. If a parent can help out without risking their own stability and retirement, then that is fine too.
I agree with Jean. If need to take a student loan, the children should take on their own. But if the parent afford to pay the education fees, this will be the best. No choice for the family who are not very wealthy to take debt for education. Same goes to me, also suffer on this student debt. Since we've face this experience, we should have a saving for education for our children later after they're born. This is for their bright future. No debt like us now.
I too faced simillar kinds of problem when my higher secondary was been completed. My parents believed that, thats is not my right age for me to be accompanied by debt, but myself consoled them and finally they allowed me to take my engineering course. Everyone as this basic extinct, while taking up the debt for their studies and surely nowadays bank are providing enough time and consideration.
my parents toled me i should take debt but not to much right now....and when i get a very good job to take another one so i could buy a house.So i`m waiting for the right job so i could buy a house....because i bought a car and i`m paying that debt:D
