When a family evaluates the available options of paying for college, invariably college loans appear to be the only solution. Rhetorically, one might ask if it is prudent reasoning to co-sign a loan for a 17 or 18 year old----so they can purchase a BRAND NEW $25,000 car??
If this appears illogical, why is it that many families will co-sign for that amount FOUR YEARS in succession to finance a college education.
Is the entire decision motivated by the fact that a college graduates future earning’s potential can be $1,000,000 greater than a NON-college graduate?? The fallacy in that thinking is that the college graduate WILL DEFINITELY EARN that $1,000,000!!
What occurs in the college graduate’s life while she/he is attempting to PAY BACK the $100,000 in accumulated college debt----OR----does the student receive the $1,000,000 differential upon graduation??
Things that make you go hmmmmmmmmmmmmmmmm!!
Showing posts with label hmmmm. Show all posts
Showing posts with label hmmmm. Show all posts
Thursday, March 27, 2008
Would you co-sign for your child to buy a new car?
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