How did your child pay for undergrad without going to bank of mom/dad/trust fund?
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Anonymous
| Did they get loans to start and suplement with part time or summer work? Did they take year off from school to work? |
Anonymous
| Many of us worked in restaurants 30-40 hours a week making $25-$30 an hour. |
Anonymous
Will you please tell me the restaurant posting $30 hour to a college kid? |
Anonymous
lucky you. I took out the maximum amount of loans and did a campus work study job that was slightly over minimum wage. |
Anonymous
This century? |
Anonymous
| 529 |
Anonymous
We opened 529s for them before they were born. |
Anonymous
You could work 30 hrs a week @25/hr for 50 weeks a year, and you could barely pay tuition, much less room, board and expenses. You would also have to find time to study. The idea of working your way through college only applies to *very* inexpensive schools. I worked almost full time through most of college and I regret it to this day. It kept my grades low, and my anxiety high. |
Anonymous
The question says YOUR CHILD. Are you YOUR CHILD? |
Anonymous
| Combo of 529 and scholarships. No loans woo-hoo!!! |
Anonymous
Same |
Anonymous
| GI Bill |
Anonymous
| $0: Generational Wealth |
Anonymous
| Aren't 529s "the bank of mom and dad"? You're still paying for it even if you put the money aside earlier. |
Anonymous
| The relative cost of going to college has increased exponentially over the years. Unless a kid is getting amazing merit/need based aid they aren't going to be paying for it themselves without loans. The "I worked to pay my way through college" is from another era unless they qualify for significant assistance. So if parents don't have 529s or other means to pay the options are - loans or community college. Depending on where they want to go loans could be massive and should really be approached with caution. |