<prompt> Human: So heres the deal, currently my parents are paying for my college education. In total itll run them about 200,000. Its something theyve been planning for for 20 years and they more than able to do so.The thing is, I understand that there are a lot of programs such as Teach for America or the Peace Corps that will forgive student loans after a certain amount of service. I feel like it would be a better use of their money if I took out loans then had them forgiven through such a program.Forgive my loose understanding of the entire process, I just want to know if Im making a huge mistake by letting them pay for this.  <response>: Definitely not a good idea. If your parents have saved up 200,000, the only loans youd likely qualify for are unsubsidized private loans, which dont get forgiven through the programs you mentioned they hardly ever get forgiven.They saved up the money for you. Just take it and be grateful. Its always a good idea to pay for college out of pocket if you can. 