Comments on: Our Kids’ Financial Futures Are At Stake. http://www.mytwodollars.com/2009/04/14/our-kids%e2%80%99-financial-futures-are-at-stake/ A place to discuss money...for the rest of us. Mon, 23 Nov 2009 05:09:30 -0500 hourly 1 By: Rita Bradley http://www.mytwodollars.com/2009/04/14/our-kids%e2%80%99-financial-futures-are-at-stake/comment-page-1/#comment-32501 Rita Bradley Wed, 15 Apr 2009 04:07:31 +0000 http://www.mytwodollars.com/?p=2011#comment-32501 I've got one child in Jr College and one who will be of college age in 2 years. I've discouraged my kids from wracking up college loan debt as I'm not sure salaries in the future are going to be able to absorb the high monthly payments. Better to take classes one or two at a time as affordable while living at home, IMO. I’ve got one child in Jr College and one who will be of college age in 2 years. I’ve discouraged my kids from wracking up college loan debt as I’m not sure salaries in the future are going to be able to absorb the high monthly payments. Better to take classes one or two at a time as affordable while living at home, IMO.

]]> By: Bill http://www.mytwodollars.com/2009/04/14/our-kids%e2%80%99-financial-futures-are-at-stake/comment-page-1/#comment-32487 Bill Tue, 14 Apr 2009 14:54:46 +0000 http://www.mytwodollars.com/?p=2011#comment-32487 Over 7% of private student loans are in default. No wonder. Kids have no job, little credit and, of course, no money. As reported in the NYT yesterday, the Obama administration is working toward direct lending by the federal govt, which should make more (and cheaper) money available to students. With some students even using credit cards for tuition and books, fundamental changes in the student loan system are needed. Over 7% of private student loans are in default. No wonder. Kids have no job, little credit and, of course, no money. As reported in the NYT yesterday, the Obama administration is working toward direct lending by the federal govt, which should make more (and cheaper) money available to students.

With some students even using credit cards for tuition and books, fundamental changes in the student loan system are needed.

]]> By: Dana http://www.mytwodollars.com/2009/04/14/our-kids%e2%80%99-financial-futures-are-at-stake/comment-page-1/#comment-32486 Dana Tue, 14 Apr 2009 14:32:26 +0000 http://www.mytwodollars.com/?p=2011#comment-32486 It is not a bad idea for the education system to step in if parenting fails to impress upon children the importance of money management. It is not a bad idea for the education system to step in if parenting fails to impress upon children the importance of money management.

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