Can you save enough to send your kids to college? No comments yet

I did not get a student loan when I went to college as the grant system was in place. Did I appreciate it – no! I didn’t know any different – then, it was just what happened. You were given a grant and went to college. Don’t be misled though it was never enough to live on and we all had part time jobs in term time and scrambled for the best summer jobs. I still came out with a hefty overdraft even then.

Now I’m trying to save for when my daughter goes to college, hopefully in few years. I dread the thought of her having a debt hanging over her even before she’s really started her working life. She’ll get part time work, summer jobs, I’ll pay whatever I can and throw my savings at the debt.

Student loans are a fact of life and cannot be ignored. In that respect negotiate the best interest and repayment plan you can. Throw money at your living expenses debts while you can by having part time jobs – great experience for your later working life. Then take a deep breath and when you start full time work get out of debt as fast as you can before other financial constraints take over.