- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The wife and I made a difficult decision this weekend
Posted on 8/13/18 at 10:02 am to GeorgeTheGreek
Posted on 8/13/18 at 10:02 am to GeorgeTheGreek
quote:
the graduation rate for students whose parents paid their full freight was higher than for those whose parents didn’t.
We all have personal stories that shape our views on this. But, the above is all you need to read. It's the end of the argument.
3
Posted on 8/13/18 at 10:05 am to Ex-Popcorn
quote:
We all have personal stories that shape our views on this. But, the above is all you need to read. It's the end of the argument.
I'm not paying for my child for them to just avoid flunking out. But yall are just moving the goal posts from what my statement actually was.
Posted on 8/13/18 at 10:05 am to Ex-Popcorn
I am 100% certain that there are other factors that weigh into that. To think otherwise is being ignorant.
Posted on 8/13/18 at 10:05 am to baldona
quote:
you won't pay for college unless your kid wants to be an engineer or better with a fantastic gpa?
Not what I said. I said I won’t pay for an expensive college for my child to work in a low paying field. I pray my kids are passionate about their careers and I am going to help them achieve it. I am just not going to pay for a college that is not needed.
quote:
starting off with the MD part and good investment then you should have more than enough money to help your kids and not have to be a tight wad so you can buy that $600k RV in retirement or 3rd vacation condo in Aspen.
You are assuming I would be blowing the money on a frivolous purchase which I would never do.
quote:
if you live in Tennessee and want to be a marine biologist.
Again. If they can’t keep a very high GPA in that major, they won’t be successful in a highly competitive field so they need to adjust their goals.
Logic does not equal tight wad.
Posted on 8/13/18 at 10:07 am to Displaced
quote:
I am 100% certain that there are other factors that weigh into that. To think otherwise is being ignorant.
And he just lost his bet he made on the previous page
Posted on 8/13/18 at 10:08 am to Ex-Popcorn
It was from the Forbes article.
There is no single correct answer for this. It depends on the kid and an individual's personal financial situation.
I started working 40 hours a week when I was 14 and I ended up missing out on a lot of good times in HS and college.
It was important to me to let my kid have a great time, but the grades have to be kept up. You have that discussion first thing and it's all good.
Plus, once you start working, you don't stop.
There is no single correct answer for this. It depends on the kid and an individual's personal financial situation.
I started working 40 hours a week when I was 14 and I ended up missing out on a lot of good times in HS and college.
It was important to me to let my kid have a great time, but the grades have to be kept up. You have that discussion first thing and it's all good.
Plus, once you start working, you don't stop.
Posted on 8/13/18 at 10:08 am to PrivatePublic
Holy shite this thread. I figured it would generate a few responses, but hot damn.
To answer a few questions: as a rule of thumb I do not give too many details on a message board. Too many of you frickers could find me based on the smallest details. Suffice to say that my wife and I make just enough money to not qualify for substantial federal aid and not enough to be able to sock back tens of thousands each year. Solidly middle class. We have saved since before our kids were born but we didn't have great retirement benefits early in our careers. Beyond that, we do not live lavishly. Cars are 12 years old. Yes we have a pool, but it came as part of the foreclosure we bought and fixed up, though I still hate that fricking thing.
This thread has generated a lot of college options I hadn't thought of. Will sit down with the wife and discuss some of them tonight.
Sincere thanks to all of you for the ideas and suggestions.
To answer a few questions: as a rule of thumb I do not give too many details on a message board. Too many of you frickers could find me based on the smallest details. Suffice to say that my wife and I make just enough money to not qualify for substantial federal aid and not enough to be able to sock back tens of thousands each year. Solidly middle class. We have saved since before our kids were born but we didn't have great retirement benefits early in our careers. Beyond that, we do not live lavishly. Cars are 12 years old. Yes we have a pool, but it came as part of the foreclosure we bought and fixed up, though I still hate that fricking thing.
This thread has generated a lot of college options I hadn't thought of. Will sit down with the wife and discuss some of them tonight.
Sincere thanks to all of you for the ideas and suggestions.
Posted on 8/13/18 at 10:11 am to PrivatePublic
If you can and want to pay for your children to go to college great , but if you can't than you can't. They will be young adults and they will figure it out.
Posted on 8/13/18 at 10:11 am to lsunurse
quote:
quote: splitting the cost of a $7k cat Please tell me this is some sort of typo
ETA: Car.
Posted on 8/13/18 at 10:12 am to PrivatePublic
frick the blowhards in this thread. Do your best to help them out while taking care of your wife and yourself. Financial aid is available.
You're doing nothing wrong.
You're doing nothing wrong.
Posted on 8/13/18 at 10:15 am to LNCHBOX
quote:Would like to see this broken out by discipline
A new national study has found that the more money parents pay for their kids’ college educations, the worse their kids tend to perform, at least when it comes to grades.
I dont really care if timmy who pays for college makes As as an English major while Billy whose parents pay for college makes Bs in Mechanical engineering, or vice versa
This post was edited on 8/13/18 at 10:16 am
Posted on 8/13/18 at 10:16 am to PrivatePublic
More power to you! I haven't read through all 18 pages, but hopefully your kids are old enough to understand what's going on, while young enough to start working and understanding how to budget their lives.
Posted on 8/13/18 at 10:18 am to Displaced
quote:
frick the blowhards in this thread. Do your best to help them out while taking care of your wife and yourself. Financial aid is available. You're doing nothing wrong.
No one is disagreeing with this. But, midway through this thread, people started arguing that the kids are better off doing it on their own with loans.
Posted on 8/13/18 at 10:18 am to Ex-Popcorn
quote:
But, midway through this thread, people started arguing that the kids are better off doing it on their own with loans.
If you're referring to me with this, then
Posted on 8/13/18 at 10:21 am to lsupride87
It also goes on to say that they are more likely to graduate, despite the lower grade performance.
Probably b/c Mom and Dad said if you flunk, you're gettin' a job.
Probably b/c Mom and Dad said if you flunk, you're gettin' a job.
Posted on 8/13/18 at 10:21 am to Ex-Popcorn
Plenty of people are disagreeing with that by attacking him and every penny he spent over the last 18 years.
Posted on 8/13/18 at 10:22 am to LNCHBOX
quote:
Hamilton found less of an impact on grades at more elite colleges than at other private out-of-state schools. And despite their lower grades, the graduation rate for students whose parents paid their full freight was higher than for those whose parents didn’t. That’s not surprising, since many students leave college for financial reasons.
That's from your own article. I think that's counter to the point you're trying to make, but I don't know since you can't state it.
And you also have an issue with context. Here's my statement.
quote:
If you do one thing for your kids, the single most beneficial thing that you can do is make sure they graduate college debt free. I'm not talking about putting them through Harvard, but you offer to get them through state school. The difference that it makes in the young adult life is tremendous. I can't stress that enough. Financially, it will put them 10 years ahead of where they otherwise would be.
Clearly, by "single most beneficial", I meant financially and at the onset of entering the real world.
But by all means, continue to be contrary; it's amusing.
Posted on 8/13/18 at 10:23 am to DirtyMikeandtheBoys
quote:
Maybe if you majored in Finance when you went to college, you would've learned how to pay for your retirement as well as your kids educations well before you even had kids.....
So easy huh? LSU's estimated yearly cost is $20,126 for residents. That's simply tuition and fees ($11,374) , university housing ($4,800), and 12-meals per week meal plan ($3,952).
If you assume 3% inflation (lower than the national average on tuition), 3 kids going to school in 18, 20, and 22 years, and 5.5% on your investments, you'd need to start saving $950/month the moment your first child is born to have a prayer of paying for LSU. That doesn't include books, the other meals, any kind of spending money, etc.
Family of 5 grossing $100k/yr (peanuts on the OT but well above the state median), saving 20% for retirement, less taxes and insurance ($500/mth) is looking at roughly $3,750/month net after saving for college. Don't forget your in LA, so are you sending your kids to private school too?
The idea that it's some easy task is blasphemous.
Posted on 8/13/18 at 10:24 am to Ex-Popcorn
quote:
I think a better statement is that you unequivocally work harder when you know that your future depends on it...regardless of who foots the bill.
Your kids might be perfect, but the vast majority of college freshmen don't exactly understand this concept.
Posted on 8/13/18 at 10:24 am to WildManGoose
quote:
but I don't know since you can't state it.
Go back to my first response to you. It is clear as day what my point is.
quote:
Clearly, by "single most beneficial", I meant financially and at the onset of entering the real world.
That is absolutely not clear given how you worded it. What you said means it is the most important thing you can do. Even if you only meant financially, I wouldn't agree with your statement.
quote:
But by all means, continue to be contrary; it's amusing.
I don't think as many people agree with your statement as you think.
This post was edited on 8/13/18 at 10:25 am
Page 18 of 40
Popular
Back to top
Follow TigerDroppings for LSU Football News