When Ellie received $33,429 in scholarships toward her $46,000 tuition, her parents were thrilled but couldn’t afford the extra $10,000 for room and board. Living just 15 minutes from campus, they decided she would stay home, despite concerns about her social life.
Debt Avoidance: Parents Choose Financial Stability
Over the year, Ellie balanced campus activities with family responsibilities, joining clubs, performing at multicultural events, and maintaining friendships. Her parents adjusted household rules, setting curfews and sharing chores, while appreciating more time together. Though not her first choice, living at home allowed Ellie to grow socially and academically without burdening the family with debt.
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