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re: Anyone NOT save for your kids' college?

Posted on 5/7/13 at 2:04 pm to
Posted by TulaneTigerFan
Seattle
Member since Sep 2005
35856 posts
Posted on 5/7/13 at 2:04 pm to
quote:

An elite liberal arts school


Centenary?

Posted by Zach
Gizmonic Institute
Member since May 2005
112417 posts
Posted on 5/7/13 at 4:26 pm to
quote:

An elite liberal arts school Centenary?

Yep.
Got a specific argument against that?
Posted by BayouBengal
Member since Nov 2003
28275 posts
Posted on 5/8/13 at 11:43 am to
quote:

Parents realize how serious their children are about school early on. If they're not serious, let them get a job or join the military.


And college isn't for everyone. If someone has a passion for something non-academic let them go to a trade school and pursue that. A friend of mine realized that college wasn't for him, he joined the air force and now that he's out he's in a trade school. He's much happier that way.
Posted by yellowfin
Coastal Bar
Member since May 2006
97615 posts
Posted on 5/8/13 at 11:56 am to
made the top 170

LINK
Posted by Zach
Gizmonic Institute
Member since May 2005
112417 posts
Posted on 5/8/13 at 12:07 pm to
Thanks. I noticed Dillard on the list "non selective admissions; cost 17K."
Wow. I guess the list needed some aff action.
Posted by Ex-Popcorn
Member since Nov 2005
2127 posts
Posted on 5/8/13 at 12:50 pm to
These responses are amazing to me.

I want my children to be more successful and have more opportunity than I did...and I am successful. To me, education is the key to all of that.

Thus, I will fund my kids' educations as far as they want to take them. If they want graduate degrees, that's on me, too. Could they do it on their own? Of course...but, I want them be huge successes, follow their dreams, and try to build the careers they want. And me paying education invoices is a small way I can have a positive influence on that.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 5/8/13 at 7:23 pm to
quote:

These responses are amazing to me. I want my children to be more successful and have more opportunity than I did...and I am successful. To me, education is the key to all of that.


A lot of us are probably a product of growing up in the 60s, and finishing college in the 70s many after a stint in the military. A common question from recruiters back then was "how did you pay for your education?", you were usually doomed if you answered your parents footed the bill. A solid history of part time work experience during college was a resume must have, I guess the world is just different today.
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 5/8/13 at 7:54 pm to
Read the millionaire next door. In most cases they followed, paying every dime resulted in them being less successful.

Not all by any means, something to consider. I'll be doing my absolute best. However, I doubt I'll be able to fully fund graduate school on top of undergrad.
Posted by yellowfin
Coastal Bar
Member since May 2006
97615 posts
Posted on 5/8/13 at 8:34 pm to
quote:

A solid history of part time work experience during college was a resume must have, I guess the world is just different today
it is, internships are way more attractive on a resume than waiting tables at hooters to buy books and pay rent
Posted by Bayou Tiger
Member since Nov 2003
3657 posts
Posted on 5/8/13 at 9:45 pm to
My plan is to pay zero of our kids' college along the way.

However, I will pay off up to 100% of their loan balance after graduation - depending on their performance. That will top out at a certain dollar amount, and they can take out the rest in loans or a part-time job if they want go to an expensive private school. I will help them with the cost-benefit analysis in weighing that decision versus future income and career enjoyment.
Posted by Cracker
in a box
Member since Nov 2009
17670 posts
Posted on 5/16/13 at 10:34 pm to
My parents, they didn't claim me so I got financial aid plus a few student loans no big deal. I wouldn't let my kid know I was saving let them get creative if they wanted it bad enough
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 5/16/13 at 10:53 pm to
quote:

My parents, they didn't claim me so I got financial aid plus a few student loans no big deal. I wouldn't let my kid know I was saving let them get creative if they wanted it bad enough



That's actually a great idea.

Guess they were willing to not take the tax credit instead of saving?
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