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re: How much are you saving for your kids education??
Posted on 6/16/15 at 10:06 am to LSUFanHouston
Posted on 6/16/15 at 10:06 am to LSUFanHouston
quote:
paying private school money for a 4 year degree is stupid.
Exactly. No kid of mine is paying full price for Tulane or something similar. I'll help out as much as possible if they want to attend Vanderbilt, Stanford, or an Ivy, but other than that it's either LSU or Georgia (because I'd be fine visiting Athens). My goal is for all of my hypothetical future children to graduate undergrad debt free. And I'd be fine helping with Med or Law school too, if needed.
This post was edited on 6/18/15 at 11:14 am
2
Posted on 6/16/15 at 12:31 pm to GaryMyMan
Thanks for all the useful information
Posted on 6/17/15 at 8:21 pm to GaryMyMan
Not only that but by going to a four year public university, your child is surrounded by people who have to get it done to be successful. They have been given an opportunity from families who sacrificed in providing an education for them. I meet my future wife while she was at a private university and all of her friends were smart but little motivation to succeed. Perhaps it is because they don't have an immediate need to make money or their parents are well off so there is not motivation or urgency to succeed.
I may be biased but schools like LSU provide quality education and ample opportunity.
I may be biased but schools like LSU provide quality education and ample opportunity.
This post was edited on 6/17/15 at 8:24 pm
Posted on 6/17/15 at 8:29 pm to yellowfin
Zero. Same thing my parents did. They paid for a private school education from K-12 and it was up to me to pay for college. That's the way it should be. They're traveling the world happily retired now because of not allocating unnecessary money towards a higher education.
Posted on 6/17/15 at 9:03 pm to threeputt
Gave each of my four children 10k cash when they graduated high school. They all are successful and don't have to work as hard as I do. So my goal was accomplished.
Posted on 6/18/15 at 9:33 am to threeputt
I didn't save squat for my kids college. I honestly thought I'd be able to swing it out of pocket. My oldest just graduated high school and when we toured a couple of schools and really got down to brass tacks I realized I couldn't swing upwards of $20K/yr for her, much less her and 2 more kids.
Luckily she wants to go into nursing and will go the juco route and gets 2 years of about a 75% scholarship and will live at home.
She was upset that she doesn't get to go off and major in sorority girl/campus life expertise, but when we told her we weren't going to pay $20K/yr for her to go play and that she would have to work and wouldn't have time for all the fun crap she came around to our way of thinking.
I was shocked at how many parents are just letting their kids go wherever they want and taking out all the loans they can get their hands on.
Luckily she wants to go into nursing and will go the juco route and gets 2 years of about a 75% scholarship and will live at home.
She was upset that she doesn't get to go off and major in sorority girl/campus life expertise, but when we told her we weren't going to pay $20K/yr for her to go play and that she would have to work and wouldn't have time for all the fun crap she came around to our way of thinking.
I was shocked at how many parents are just letting their kids go wherever they want and taking out all the loans they can get their hands on.
Posted on 6/18/15 at 9:41 am to ConfusedHawgInMO
I'm not paying a dime until they get a degree that is worth something.
Posted on 6/18/15 at 9:52 am to ConfusedHawgInMO
quote:
I was shocked at how many parents are just letting their kids go wherever they want and taking out all the loans they can get their hands on.
I'd like my kids to be able to choose their college based other factors and not have to worry about how they'll pay for it or taking out loans. My parents did it for me so it's only natural.
Posted on 6/18/15 at 9:58 am to ConfusedHawgInMO
quote:
juco route will live at home.
She was upset that she doesn't get to go off and major in sorority girl/campus life expertise, but when we told her we weren't going to pay $20K/yr for her to go play and that she would have to work and wouldn't have time for all the fun crap she came around to our way of thinking.
Attending junior college and living at home is not real life experience.
Getting out of the house/living on your own, going to a 4 year college, joining a sorority, having fun, enjoying campus life, traveling to other cities with your sorority sisters, etc. is definitely worth it and will prepare her better for life IMO. I don't blame her for being upset with "your way of thinking" If she's worked hard in high school she deserves to experience "fun crap"
This post was edited on 6/18/15 at 10:00 am
Posted on 6/18/15 at 10:08 am to Palmetto08
quote:
If she's worked hard in high school she deserves to experience "fun crap"
She doesn't "deserve" anything
. She's 18. She can experience anything she wants through student loans, but that's a choice she'll have to live with and I'd do my best to explain to her how that will impact her post school. Not everybody can afford to send their kids to school to experience the "fun crap".
Posted on 6/18/15 at 10:11 am to Palmetto08
quote:
quote:
I was shocked at how many parents are just letting their kids go wherever they want and taking out all the loans they can get their hands on.
I'd like my kids to be able to choose their college based other factors and not have to worry about how they'll pay for it or taking out loans. My parents did it for me so it's only natural.
I agree. College rounds you out more than just getting your degree. My plan is to require my child to get loans and then pay them in full as soon as they graduate. Don't graduate, then they have to pay them back on their own.
Posted on 6/18/15 at 10:19 am to jsquardjj
I can see both sides, I wouldn't put myself in a financial bind to pay for a school like SMU but if I can afford it and that's where they want to go then I'm ok with it.
Posted on 6/18/15 at 10:19 am to LSUAfro
quote:
Not everybody can afford to send their kids to school to experience the "fun crap".
I completely agree. And if the family can only afford a JUCO and living at home that's completely understandable.
I was focusing more on the parent's attitude toward "fun crap" Attending a 4 year University away from home is extremely valuable. They don't have to join a sorority. There are hundreds of clubs and groups to join. The life lessons one learns is huge.
Posted on 6/18/15 at 10:19 am to jsquardjj
quote:
My plan is to require my child to get loans and then pay them in full as soon as they graduate. Don't graduate, then they have to pay them back on their own.
I've considered this myself, but my problem with that is his/her loans will likely be unsubsidized which would rack up some substantial unnecessary interest expense.
Posted on 6/18/15 at 10:24 am to Palmetto08
quote:
I was focusing more on the parent's attitude toward "fun crap" Attending a 4 year University away from home is extremely valuable. They don't have to join a sorority. There are hundreds of clubs and groups to join. The life lessons one learns is huge.
Yeah and I agree. I'd do whatever possible to ensure my child was able to do it as well, but it's just not in the cards for every family.
Oh and Fin, SMU undergrad is off the table
. Maybe MBA program...This post was edited on 6/18/15 at 10:27 am
Posted on 6/18/15 at 10:25 am to threeputt
quote:$25 a time in Lending Club, but I'm not married nor do I have any children.
How much are you saving for your kids education?? by threeputt
Posted on 6/18/15 at 10:46 am to bayoubengals88
My dad gave me $500/month period. It didn't even fully pay my rent. I worked and still had to take out some loans. Working/going to school f-ing sucked. And I was in a fraternity and did a lot of social shite. You can imagine rolling into work on Saturday's while all my friends slept until 1-2pm.
Luckily I got a pretty good job out of school and the loan burden isn't that bad. I'm still living pretty well, saving, travelling etc I just don't buy a lot of the useless crap my friends do.
But I def. won't be doing that to my kids. My dad being an anti-finance, cash only guy made it a bit tougher for my brother and me, but we both had very little "real world shock" coming out of school. I don't hold a grudge.
Putting away $100/month is not that big of a deal. I feel like anything less is just selfish. Even if it doesn't send them to Harvard, it will give them a damn good start, much better than I had. I also still expect them to work for their spending money. It makes a big difference for kids later in life IMO. Work at a damn bar, do whatever, just make some money so you know where a buck comes from and goes.
Luckily I got a pretty good job out of school and the loan burden isn't that bad. I'm still living pretty well, saving, travelling etc I just don't buy a lot of the useless crap my friends do.
But I def. won't be doing that to my kids. My dad being an anti-finance, cash only guy made it a bit tougher for my brother and me, but we both had very little "real world shock" coming out of school. I don't hold a grudge.
Putting away $100/month is not that big of a deal. I feel like anything less is just selfish. Even if it doesn't send them to Harvard, it will give them a damn good start, much better than I had. I also still expect them to work for their spending money. It makes a big difference for kids later in life IMO. Work at a damn bar, do whatever, just make some money so you know where a buck comes from and goes.
This post was edited on 6/18/15 at 10:48 am
Posted on 6/18/15 at 11:07 am to Palmetto08
I don't think college is real life experience anyway. Real life starts after you are out on your own. She can be gainfully employed as a RN by the time she's 20 probably making somewhere close to $50K/yr and have no college debt. I think that is the best gift I can possibly ever give her.
Posted on 6/18/15 at 11:10 am to ConfusedHawgInMO
quote:
She can be gainfully employed as a RN by the time she's 20 probably making somewhere close to $50K/yr and have no college debt. I think that is the best gift I can possibly ever give her.
She better be careful, diploma and associate degree nurses are being phased out.
Posted on 6/18/15 at 11:13 am to yellowfin
She's not stopping there. RN to BSN program after that.
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