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re: How many parents here are paying their kids college tuition?

Posted on 8/13/18 at 12:53 pm to
Posted by Pecker
Rocky Top
Member since May 2015
16674 posts
Posted on 8/13/18 at 12:53 pm to
quote:

Lots of parents who will be paying for their kids college and everything else will be the same parents who will allow their kids to move back home and live in their basements or the like.


This may be difficult for you to understand but there is an entire segment of the population out there that lives what would be considered an upper-middle class lifestyle. These people usually pay for all of their children's stuff.

Their children also usually end up in the upper-middle class as adults.




Posted by MSTiger33
Member since Oct 2007
21754 posts
Posted on 8/13/18 at 12:54 pm to
I plan on it, but we are trying to budget for at least $300k+ for each kid
Posted by LNCHBOX
70448
Member since Jun 2009
89386 posts
Posted on 8/13/18 at 12:54 pm to
quote:

Why is it at that at the mystical age of 18 a parent has to completely shut their kid off from any financial assistance?


Has anyone actually made this argument?
Posted by Bullfrog
Running Through the Wet Grass
Member since Jul 2010
61794 posts
Posted on 8/13/18 at 12:54 pm to
Of course I do.
It’s the end of their training to be productive adults.
Posted by East Coast Band
Member since Nov 2010
66992 posts
Posted on 8/13/18 at 12:55 pm to
I'm paying my kids.
My recommendation is to set up a 529 for your kids ASAP.
Pump in a few hundred a month for a few years.
Less than a car payment, but it will pay off for your finances come enrollment time.
I did a 529, but I didn't put away enough for the total, so I do regret not putting in more than I did.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 8/13/18 at 12:56 pm to
quote:

Has anyone actually made this argument?




Yes, they're probably full of shite, but yes
Posted by LNCHBOX
70448
Member since Jun 2009
89386 posts
Posted on 8/13/18 at 12:56 pm to
Is it that nola00 retard in the other thread?
Posted by LSUZombie
A Cemetery Near You
Member since Apr 2008
29749 posts
Posted on 8/13/18 at 12:57 pm to
quote:

My parents didn’t pay a nickel for my college education.



Sorry your parents don't love you.
Posted by AUCE05
Member since Dec 2009
45421 posts
Posted on 8/13/18 at 12:58 pm to
Working professional doing an MBA right now. It is challenging.
Posted by baldona
Florida
Member since Feb 2016
24462 posts
Posted on 8/13/18 at 1:00 pm to
quote:

Has anyone actually made this argument?


From OP:
quote:

By the time kids enter college, they’re adults. Shouldn’t they be paying their own way?
Posted by LNCHBOX
70448
Member since Jun 2009
89386 posts
Posted on 8/13/18 at 1:02 pm to
I guess the way you worded it just seemed like taking it further. I dunno. Obviously I don't disagree with the majority of your post.
Posted by baldona
Florida
Member since Feb 2016
24462 posts
Posted on 8/13/18 at 1:05 pm to
Well part of my point is that kids are different, unless you have multiple kids it is hard to understand that you can be the same parent and have kids turn out different.

I say this, because some kids are financially responsible at 16 and some may not be until they are older. Its not all on parenting, some of it is personality.

Just because we as an American society label someone as an adult at 18, does not mean that everyone is responsible enough to know exactly what degree and career they want to choose for the rest of their life.
Posted by LNCHBOX
70448
Member since Jun 2009
89386 posts
Posted on 8/13/18 at 1:07 pm to
quote:

Just because we as an American society label someone as an adult at 18, does not mean that everyone is responsible enough to know exactly what degree and career they want to choose for the rest of their life.


Don't have to tell me I ended up at LSU for 8 years because I changed my mind twice. It all worked out in the end, even with a little student debt.
Posted by airfernando
Member since Oct 2015
15248 posts
Posted on 8/13/18 at 1:10 pm to
quote:

Kind of hard to teach self reliance if you’re going to be carrying them into adulthood in my opinion.
yet somehow many trust fund kids find a way to be self reliant
Posted by GATORGAR247
Member since Aug 2017
994 posts
Posted on 8/13/18 at 1:11 pm to
I'm also gonna have a say in their college / degree plan. I'm not paying 30k a year to get basics. And I'm not paying for a useless degree. If your job doesn't pay more than your degree cost I'm not paying for it.
Posted by yellowfin
Coastal Bar
Member since May 2006
99037 posts
Posted on 8/13/18 at 1:23 pm to
For being a bunch of ballers on here y’all are some poor frickers
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 8/13/18 at 1:26 pm to
That's crazy, college isn't Vo-Tec. A degree should set you up for a lifetime of success, not one job.

Hell yes.
This post was edited on 8/13/18 at 1:27 pm
Posted by TBoy
Kalamazoo
Member since Dec 2007
29122 posts
Posted on 8/13/18 at 1:34 pm to
Yes. Just sent out $15k and some change for the fall semester.
Posted by Parmen
Member since Apr 2016
18317 posts
Posted on 8/13/18 at 1:39 pm to
Let me rephrase, will you parents be dumping out tens of thousands for your kid to get a degree in English or Gender Studies?
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 8/13/18 at 1:53 pm to
I'll let my son study whatever he wants. I want him to do well in whatever he decides to study, but I'll support him even if he doesn't. I'm not giving up on him, and I'll help him all I can in the transition from childhood to adult.

I hope he says frick it dad, I want to be a punk musician.
This post was edited on 8/13/18 at 1:54 pm
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