I was wondering along the same lines as Grt2bOutdoors. I am grateful that neither I nor my young adult daughters have any debt of any sort, no mortgages, no car loans, no student loans. But I can imagine that if we had a financial adviser charging AUM fees, it might have been in the adviser´s interest to suggest taking out loans.Grt2bOutdoors wrote: ↑Tue May 28, 2019 6:58 pmWhat is this really all about? Is it about parents and students OR is it really about the fact that the more parents pay for their kids college costs upfront, the less money you have to manage and the less you make in fees, is that it? "Once you pay money to a school, it is gone forever and ever" right? Less money for you to manage, less clients since now they have no money. Talking about majoring in Jazz Guitar and then making a huge stretch about lifestyle choices the student chooses really dilutes your claims about investing and use of student loans. I don't see the relevance of the major or school a person attends has to do with paying for college upfront or via a loan.
There are lots of complicated emotional issues involved with family spending priorities, values, and choices about what, if anything, to go into debt for. I would definitely not welcome unsolicited advice from an investment adviser on this topic.