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re: Should parents supports their kids in college?
Posted on 12/29/14 at 3:13 am to reverendotis
Posted on 12/29/14 at 3:13 am to reverendotis
Rever we are about the same age. My 17 year old will be driving by this summer. I will purchase him a used car and if he doesn't get a job to pay his insurance he won't drive it. He will either go into the military (like all of the previous generations have) or have a job while he goes to college after he graduates from high school. No free rides here.
Eta: I will give him a place to stay while he attends college but he will be working while he is living in my house.
Eta: I will give him a place to stay while he attends college but he will be working while he is living in my house.
This post was edited on 12/29/14 at 3:15 am
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Posted on 12/29/14 at 3:18 am to reverendotis
Fair enough Rev 
you seem like a cool old cat.
You are down to share your opinion when ever the hell you want.
I'll like to say that I understand how you could say you would be ashamed to accept help at 20, but obviously you are smart enough to realize that times have changed and it's just not the same as it used to be in tons of aspects. And we can thank generations before this one for things being the way they are.
I'll say it again, the generation that is in college/graduating now, have data showing they are the most well adjusted then previous generations going back as far as they have tangible data for....
you seem like a cool old cat. You are down to share your opinion when ever the hell you want.
I'll like to say that I understand how you could say you would be ashamed to accept help at 20, but obviously you are smart enough to realize that times have changed and it's just not the same as it used to be in tons of aspects. And we can thank generations before this one for things being the way they are.
I'll say it again, the generation that is in college/graduating now, have data showing they are the most well adjusted then previous generations going back as far as they have tangible data for....
Posted on 12/29/14 at 3:19 am to SuperSaint
Not just that, college was just flat out cheaper for almost everyone. TOPS in LA is one of the rare exceptions, but it isn't like that in basically any other state. Colleges have amazing facilities, and the cost have to be transferred to someone.
In addition, with boomers working longer (and living longer than previous generations, so I get their reasoning), the jobs just aren't available for many highly educated youngsters. Radiology, big law, university professors, all of the heavy hitters outside of finance, really.
My friend has a PhD in biomedical engineering from a top 5 program, and he's basically just biding his time in post doc programs until a boomer dies or retires and tenure track positions open up. Meanwhile my best friend's dad is the head attorney for the DC office of a top 50 law firm and has basically said that he had a 1 in 10 shite of making partner. The current crop is between 1 in 30 and 1 in 50.
In addition, with boomers working longer (and living longer than previous generations, so I get their reasoning), the jobs just aren't available for many highly educated youngsters. Radiology, big law, university professors, all of the heavy hitters outside of finance, really.
My friend has a PhD in biomedical engineering from a top 5 program, and he's basically just biding his time in post doc programs until a boomer dies or retires and tenure track positions open up. Meanwhile my best friend's dad is the head attorney for the DC office of a top 50 law firm and has basically said that he had a 1 in 10 shite of making partner. The current crop is between 1 in 30 and 1 in 50.
Posted on 12/29/14 at 3:20 am to Keys Open Doors
quote:
I've been pleasantly surprised at how no boomer has come in and talked about how easy it was to pay for school back in their day and calling current generations weak for not being able to do the same (while completely dismissing how much cheaper college was in their day, even after adjusting for inflation).
Oh really? You are grouping a bunch of people together. Not all of us had it easy working our way thru school. We were dealing with 16-18% interest rates just to buy a car. Home loans were 11% and higher. Unemployment was running at 7-9% for the second half of the 1970s.
Now adjust that!
Posted on 12/29/14 at 3:25 am to fishfighter
So comparable unemployment rates as today? And are there really that many 19 year olds in 1978 looking for home loans? Outside of Louisiana and the TOPS program, it is standard for kids at regular old public schools to pay 20K or more per year in in-state tuition, mostly because the colleges spend exorbitant amounts on dorms, pools, etc. That's why there is an unprecedented student debt bubble right now, which will absolutely be the cause of the next recession.
Posted on 12/29/14 at 3:25 am to Keys Open Doors
quote:
My friend has a PhD in biomedical engineering from a top 5 program
quote:
until a boomer dies
Bet he could find a way to facilitate this with no one ever knew.......
Been watching me some forensic file re-runs
Posted on 12/29/14 at 3:27 am to SuperSaint
Posted on 12/29/14 at 3:41 am to Keys Open Doors
quote:
So comparable unemployment rates as today?
Not even close. Back then the rates were high thru the mid 1980's. As of now, it's only been a couple years of high rates.
quote:
And are there really that many 19 year olds in 1978 looking for home loans?
Very few due to no jobs, high inflation and the country ripping itself apart from the 1960's and early 1970's. But yes, it was the American dream still back then as it is now. Only difference is that back then, one worked till they saved 20% to put down on buying a house. Not like they were given free money like they do now.
Posted on 12/29/14 at 4:31 am to fishfighter
You didn't have near the competition for jobs as you do now. Not near the regulations and certificate, and whatever else. You would walk on to any ship yard, chemical plant, O&G service company and go work your arse off and be able to support a wife and child.... Not happening these days, and I'll tell you a secret, it isn't 17-21 year old's faults..... These kids are having to get an get priced 4 year degree (or 2 year technical trade college) to be able to sniff a job that would support a wife and kid. On top of that they have to go out and purchase extremely expensive health insurance because companies aren't taking care of their employees that was once the norm across America.... You have to admit the job environment wouldn't even be recognizable now to someone like Kennedy.
Posted on 12/29/14 at 5:00 am to The_SwAUggford
Mine did.
Posted on 12/29/14 at 5:15 am to The_SwAUggford
quote:
Should parents supports their kids in college?
A lot of these answers - the parents should pay, etc. - sound very much like this generation's feeling of entitlement or that they deseve everything for as little as possible.
Take my nephew for example, he felt that his parents owed it to him and screamed and bitched when they didn't pay every last cent. Guess what? Two years after his graduation he is still jobless because he refuses to accept an entry-level position. He told me that he deserves a higher position than entry level, and when I pointed out to him that you have to start somewhere and that he deserves nothing, he got mad with me. Go figure.
Posted on 12/29/14 at 5:48 am to Spaceman Spiff
quote:
when I pointed out to him that you have to start somewhere and that he deserves nothing, he got mad with me. Go figure.
Would of
in his face and then a quick kick in his arse for being a punk. 
Posted on 12/29/14 at 7:24 am to Poncho
quote:
My parents were rich so I didn't have to get a job until I was 26 and out of law school.
But since they set me up for success, I'll be rich and my kids won't have to work until they're 26, and the cycle continues.
It's a simple, and effective method. I never understood why poor people didn't get this. I guess that's why they're poor lol.
You left out one key QUALIFYING factor.
The student has to give good effort and do their best to make good grades.
Provided that is the case, your premise is very accurate.
I have told my children that I will pay for school based on their likely success It is an investment and I am not throwing money down a hole for a 2.1 GPA at a party school.
Posted on 12/29/14 at 7:26 am to The_SwAUggford
I think it's ok for parents to do what they can, but don't get themselves in financial risk just for their kids college. Kids can work at that age.
Posted on 12/29/14 at 7:28 am to The_SwAUggford
I feel like it's my responsibility to pay for my kids education but opinions differ
Hell his pre k tuition is more than LSU so I'd be getting a pay raise.
Hell his pre k tuition is more than LSU so I'd be getting a pay raise.
Posted on 12/29/14 at 7:37 am to CroakaBait
quote:
I've seen very few success stories from those whose parents told them, "Hey you're eighteen, you're on your own now."
I did it!
Granted, if my parents had the money they would have helped me. They couldn't afford to put me through college. So, I worked, and busted my arse. I graduated with my engineering degree, and had a job every semester during college. so, it can be done, even if it is difficult.
Posted on 12/29/14 at 7:40 am to The_SwAUggford
So like, uh, dorms?
Posted on 12/29/14 at 7:41 am to The_SwAUggford
quote:
How many people believe that parents should provide a rent free place for their child to stay while they are in at least their first 4 years of college. This goes for kids who couldn't afford housing of course. Please be serious, lol.
I don't think there's a "should" involved in this. Can they afford to do it? How many kids will they be putting through school? Private or public? In-state or out? I don't believe parents should use their retirement to fund anything. You do the best you can do and sometimes the child has to pick up the slack. It can be done.
Posted on 12/29/14 at 7:49 am to Poncho
quote:
My parents were rich so I didn't have to get a job until I was 26 and out of law school.
But since they set me up for success, I'll be rich and my kids won't have to work until they're 26, and the cycle continues.
It's a simple, and effective method. I never understood why poor people didn't get this. I guess that's why they're poor lol.
Is this serious? May I ask how old you are?
Posted on 12/29/14 at 7:52 am to The_SwAUggford
Depends on the situation. About 75% of my tuition is covered by scholarships, including books (thanks track) so I just go ahead and cover my costs that are left most semesters.
This post was edited on 12/29/14 at 7:53 am
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