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Spinoff thread: How much did your parents save for your college educ?

Posted on 2/5/16 at 3:19 pm
Posted by Zach
Gizmonic Institute
Member since May 2005
112387 posts
Posted on 2/5/16 at 3:19 pm
There might be a generational difference between this thread and the one about current parents saving for their children today. I'm curious.
Posted by MSMHater
Houston
Member since Oct 2008
22774 posts
Posted on 2/5/16 at 3:20 pm to
not a damn thing. Not b/c she didn't want to, but b/c she couldn't.

It's why I have a second mortgage worth of student loans, which I'm happy to pay back (though it does suck).
Posted by TigerDeBaiter
Member since Dec 2010
10254 posts
Posted on 2/5/16 at 3:22 pm to
$0.00

They paid "half" along the way though.
Posted by DallasTiger45
Member since May 2012
8419 posts
Posted on 2/5/16 at 3:23 pm to
Zero dollars. They provided me with plenty of cool vacations and all the funding I needed for travel baseball. Fair trade, IMO.
Posted by Teddy Ruxpin
Member since Oct 2006
39547 posts
Posted on 2/5/16 at 3:23 pm to
Zero.

Wish they did.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 2/5/16 at 3:23 pm to
Mine put into the now defunct Alabama PACT program. I'm not sure what their out of pocket was for each of us into it...but overall with the 4 of us my dad received a positive ROI. My youngest brother's payout is still in litigation I believe.
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 2/5/16 at 3:26 pm to
None - and got told don't spend more than catholic high school in New Orleans costs.

I was on my own after Katrina though and they moved in for a while too.
Posted by Scooba
Member since Jun 2013
19999 posts
Posted on 2/5/16 at 3:30 pm to
Zip Zilch Nada
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
646 posts
Posted on 2/5/16 at 3:32 pm to
None. I'm very lucky they still paid for it
Posted by Hankg
Member since Feb 2011
631 posts
Posted on 2/5/16 at 3:33 pm to
I always wanted to get a bumper sticker made that said "Me and my own damn money go to LSU"
Posted by Salmon
On the trails
Member since Feb 2008
83514 posts
Posted on 2/5/16 at 3:40 pm to
$0.00

and still graduated debt free

They would give me money for gas and food on occasion, but other than that, I was on my own.

I worked 90-100 hour weeks in a lumber yard during the summer to pay for living expenses, scholarships paid for the rest.
This post was edited on 2/5/16 at 3:46 pm
Posted by Broseph Barksdale
Member since Sep 2010
10571 posts
Posted on 2/5/16 at 3:41 pm to
zero
Posted by AUjim
America
Member since Dec 2012
3662 posts
Posted on 2/5/16 at 3:41 pm to
Zero.

The thing that mattered most was that the couple of college decisions I made were based entirely upon what I could afford to pay for myself as opposed to what I actually wanted to do. I worked through school and didn't graduate with very much debt, but I'm also not doing what would have been my chosen profession.

I'm not whining necessarily, its worked out fine. However, this is the reason I will be saving almost to my detriment to give my kids options.
Posted by bayoudude
Member since Dec 2007
24947 posts
Posted on 2/5/16 at 3:44 pm to
Zero

I had TOPS and they paid for rent, vehicle note, insurance. I would work summers and holidays for spending money.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/5/16 at 3:52 pm to
I mean...id sorta count that as college education expenses
Posted by Amory Blaine
New Orleans
Member since Aug 2015
17 posts
Posted on 2/5/16 at 3:58 pm to
Wow. I'm surprised by the responses on this thread.

My parents saved approximately $40k for each my brother and me which allowed us both to graduate debt free.

We were told we could have whatever was left over when we graduated. I was fairly foolish and spent almost all of it on 5 years at LSU. My brother joined the military which paid for most of his education. I believe he had about $30k left when he graduated.
Posted by jclem11
Neoliberal Shill
Member since Nov 2011
7758 posts
Posted on 2/5/16 at 3:58 pm to
$0.00.
Posted by Hoyt
Alabama: The Beautiful
Member since Aug 2011
5394 posts
Posted on 2/5/16 at 3:59 pm to
They had about $30,000 put back for me, but I was fortunate to get a full ride (books, tuition, lodging), so they gave me the $30k to use for a down payment on my first home
Posted by Zach
Gizmonic Institute
Member since May 2005
112387 posts
Posted on 2/5/16 at 3:59 pm to
My answer is 'zero' as well. But how many of your parents did this. They sat me down when I was about 11 years old and said "Zach, we can't send you to college. We have no money. If you want to go you'll have to get a scholarship."

It was great motivation. What was your parents' message to you regarding college?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80751 posts
Posted on 2/5/16 at 4:00 pm to
$40k

TOPS paid for all tuition and I got the extra $800/yr stipend for high ACT/GPA that paid for all books.

What they saved ended up being just enough to cover an apartment and food. I was pretty fortunate.

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