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re: The wife and I made a difficult decision this weekend

Posted on 8/13/18 at 1:18 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40247 posts
Posted on 8/13/18 at 1:18 pm to
quote:

Kids can get money from lots of places for college, but if you don't have the money to retire you are SOL.



"You can borrow for college, much harder to borrow for retirement"
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40247 posts
Posted on 8/13/18 at 1:22 pm to
quote:

The list of good jobs you can get without some form of higher ed is getting smaller and smaller every day.


Some form of higher ed is not the same as a college degree.

Look for things that can't be easily outsourced or automated. Plumbing, electrical, mechanical, HVAC, all the licensed trades. You need some higher ed / training for this... not a four year degree.

I have a cousin, female (no pics) who is an xray tech, works 48-60 hours a week, pulls down 95K a year. Went to Delgado for maybe a year.

Posted by lsupride87
Member since Dec 2007
108572 posts
Posted on 8/13/18 at 1:26 pm to
quote:

I have a cousin, female (no pics) who is an xray tech, works 48-60 hours a week, pulls down 95K a year. Went to Delgado for maybe a year.

Average hourly rate for x-ray tech is $19.36


I want more for my children personally
Posted by Pecker
Rocky Top
Member since May 2015
16674 posts
Posted on 8/13/18 at 1:27 pm to
quote:

I want more for my children personally


Then I hope your wife is intelligent and your children got her genetics.
Posted by LNCHBOX
70448
Member since Jun 2009
88718 posts
Posted on 8/13/18 at 1:28 pm to
quote:

I have a cousin, female (no pics) who is an xray tech, works 48-60 hours a week, pulls down 95K a yea


That's 4-5 shifts a week. Almost working two jobs worth.
Posted by StringedInstruments
Member since Oct 2013
20525 posts
Posted on 8/13/18 at 1:28 pm to
quote:


I generally agree with a lot of your post, except for this. The list of good jobs you can get without some form of higher ed is getting smaller and smaller every day.


And opportunity gaps exist and it's not just a racial issue. Students who go to a good four year university who can focus entirely on their studies, networking, research projects, extracurricular activities, and studying abroad all while not having to pay a dime of their own money will have a significant leg up over those that are working 30 hours a week and stretching their education out an additional couple of years.

Perhaps the student that pays his own way will have more personal fulfillment but there's very little evidence that the student will have the upper hand in graduate school or the job market.
Posted by Lsuhack1
Member since Feb 2018
866 posts
Posted on 8/13/18 at 1:35 pm to
quote:

more personal fulfillment but there's very little evidence that the student will have the upper hand in graduate school or the job market.

Do you work for Electronic Arts?
Posted by SECdragonmaster
Order of the Dragons
Member since Dec 2013
17334 posts
Posted on 8/13/18 at 1:35 pm to
quote:

My parents did not pay for a dime of my college education. I worked, had scholarships, and loans. They did not pay for my car, my gas, my auto insurance, etc. They told me from day one that if I wanted to live at home and go to college, I was welcome to do so. They told me any time I wanted to come home, for a weekend, holidays, etc, I was welcome to do so. They never charged me any rent or for food or anything whenever I was home.

If there is still a TOPS around when my kids go to college, they can get that, or they can get other scholarships. They can go to UNO and stay at home if they don't want to pay for room and board and expenses at college. Or they can get loans. Or a job. Whatever. If they don't get loans or a scholarship, then they can go to a two year college, and then transfer to a four year college so it is easier for them to pay for.

College is not a right. It is a privilege. There are many, many, MANY jobs out there that pay extremely well without a college degree. If they want a college degree, they will make the investment to do so.


I had the same personal college experience as you and feel exactly the same way as you.

I guess you must be another selfish guy who wastes money and hates your kids.
Posted by Goldrush25
San Diego, CA
Member since Oct 2012
33897 posts
Posted on 8/13/18 at 1:38 pm to
Welp, don't complain when these kids of yours put you in a home.
Posted by StringedInstruments
Member since Oct 2013
20525 posts
Posted on 8/13/18 at 1:39 pm to
quote:

Do you work for Electronic Arts?



No
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 8/13/18 at 1:41 pm to
quote:

Welp, don't complain when these kids of yours put you in a home.


He can afford home healthcare due to saving on college and compounding interest on his savings. Win win!
Posted by Lsuhack1
Member since Feb 2018
866 posts
Posted on 8/13/18 at 1:41 pm to
quote:

had the same personal college experience as you and feel exactly the same way as you.

I lived it too and hope my kids never go through that!
It’s so hard to study when you just want to eat, and look in your account and have less than $3. I keep way more in my bank account than I should because I never want to have that happen again.
There is no evidence in any study to suggest what you are doing is the best for the well-being of your children.
But I’m a crazy man I even pay my employees enough where they aren’t worried about food and shelter.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40247 posts
Posted on 8/13/18 at 1:42 pm to
quote:

That's 4-5 shifts a week. Almost working two jobs worth.


Job and a half, but yes. She generally is scheduled 3 days a week (36 hours) and always picks up an extra shift or two each week. Gets a lot of OT, to be sure.
Posted by redneck hippie
Oklahoma
Member since Dec 2008
6290 posts
Posted on 8/13/18 at 1:42 pm to
I have a 6 year old and we've probably got 10k socked back in a 529. With the rising price of college I'm still not sure we're putting in enough.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40247 posts
Posted on 8/13/18 at 1:48 pm to
quote:

It’s so hard to study when you just want to eat, and look in your account and have less than $3. I keep way more in my bank account than I should because I never want to have that happen again.


I had a meal plan. 3 meals a day, 7 days a week. Added to my fee bill, so covered by said scholarships, grants, and loans. I never went hungry.

I spent my entire college career officiating sports. During the school year, I would work intramural events during the week, softball, flag football, volleyball, basketball. Most weekends, I had the opportunity to work youth events. 4 games of 8 year old football from 8-noon, $15 a game (this was 20 years ago). Usually around $9 a game during the week for intramurals.

That gave me enough money throughout the year to pay for extra food and drink, gas, maintenance, travel, organizations, etc.

During the summer, I would umpire baseball every day back home. Live at home, so little spending. Would make like $5,000 a summer. Enough to pay for the car note and car insurance for my POS car for an entire year.

Graduated with a 3.4 GPA. Never went hungry.

Most of my classes were from 8-12. That gives 5-6 hours a day for lunch, studying/homework, and dinner before games would start in the evenings.

It's ok to have to balance multiple things at once. Meanwhile I have a bunch of young staff with paid off 30K cars that mom/dad bought them, no student loan debt, and no ability to handle anything that goes wrong, or competing priorities.
This post was edited on 8/13/18 at 1:51 pm
Posted by baldona
Florida
Member since Feb 2016
23418 posts
Posted on 8/13/18 at 2:00 pm to
I know plenty of college drop outs that didn't have parents supporting them.

My Father in law was a trust fund kid that went to a top 3 med school and then became a well known Orthopedic Surgeon.

The idea that success and paying for your kids college education is related, is simply false. There's a lot more to the equation than one simple thing.

I also don't understand the idea related to only paying for a degree that makes sense financially. Its passion that I care about. If my kids are incredibly passionate about something I'll be happy to help them financially. If they want to get their MBA at Colombia just because the pay is great for most out of school, I'll have a serious conversation with them.

Posted by LSUFanHouston
NOLA
Member since Jul 2009
40247 posts
Posted on 8/13/18 at 2:08 pm to
quote:

I also don't understand the idea related to only paying for a degree that makes sense financially. Its passion that I care about. If my kids are incredibly passionate about something I'll be happy to help them financially. If they want to get their MBA at Colombia just because the pay is great for most out of school, I'll have a serious conversation with them.


We may disagree on the purpose of college, then.

To me, the expense of a four year degree (much less a grad degree) means you need to come out of it with a marketable degree and the ability to get a job.

I find passion through volunteering, friends and family, etc. I do enjoy my profession. But passion, to me, is not enough to justify 150K in private college education in a art studies degree.

There are plenty of trust fund kids who are dropouts, as well.

Point being, success in college is dependent upon the work ethic of the kid, not who is paying the bill.

If you want to pay for your kids education... it's your money. Spend it how you choose. But this idea that a parent that feels differently is somehow a bad parent or selfish is absolute garbage.
Posted by lsufan1971
Zachary
Member since Nov 2003
23757 posts
Posted on 8/13/18 at 2:20 pm to
My parents made a deal with me and my two sisters. They took out student loans to pay for college. If we graduated they paid them off. If we dropped out or failed out we had to pay. All three of us graduated and parents paid off our loans.
Posted by lsupride87
Member since Dec 2007
108572 posts
Posted on 8/13/18 at 2:30 pm to
quote:

Then I hope your wife is intelligent and your children got her genetics.


Intelligence isnt shite


Its about confidence and marketability

How do you think I am where I am at?
Posted by Lsuhack1
Member since Feb 2018
866 posts
Posted on 8/13/18 at 2:35 pm to
quote:

Graduated with a 3.4 GPA. Never went hungry.

I graduated with a higher GPA, But im not saying it because of that, I am saying that I hope my kid can have every opportunity to succeed.
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