Quote:
Originally Posted by redir
You sound a lot like me except I don't have and don't plan on having kids.
My question to those who do is why would you think you need to pay for their college? I went two years to a community college to get rid of the useless classes before attending a University for another 3 years. My debt after graduation was $8,000 which I paid off in the following two years. As for grad school I wouldn't go to grad school if I wasn't paid with grants, funding, and working as a TA or something like that.
I don't think employers care what school you graduate from in most cases. All you need is the piece of paper. Worked for me anyway.
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Not everyone has that level of frugality upon high school graduation. I went to a (public) HS where everyone went to 4 year schools and probably 75% of those private. If you didn't you were an outlier. Unfortunately no one was ramming home the reality of what putting yourself $100K into debt would do to your financial situation upon graduation. Hopefully with rising costs, more of that is happening today. I certainly would have gladly taken your approach had I realized the pickle I was putting myself in.
I'm going to do my best to try to help pay for some portion of my kid's school, being that I paid for all of my own and know what that burden has been like. I think it'll be more like, here's $X dollars, use it for school as you see fit. Any amount you spend over $X is on you.