Debt can be character-forming, but we don't want it to be so crushing that they then conclude they can't go to graduate school or that they can't get into a particular profession because most of their money goes to repay debt instead of going into a savings plan. |
It's very worrisome to our kids. They come out of [undergraduate] school with $30,000 or $40,000 in debt, and then they marry someone with $30,000 or $40,000 in debt. |