Responsibility after college?
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Anonymous
yep, parents need to have a frank discussion with their college aged kids about col. |
Anonymous
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Actually, parents need to have a serious discussion about the cost benefits and size of academic loans if needed to go undergrad programs. Even if you can fully find college, it is
important to connect college to job options as well as the need for further education beyond a bachelor degree. If there will be loans involved, then do the research ahead of time on payback schedules interest and likely starting salary. If grad or professional Al schools are a goal, help your teen consider wisely in ways to limit. undergrad program debt. Giving your child an overall education on the cost of the dream job/profession, how much you can afford to fund and the student’s options on paying before one ends up in debt is time wise spent. Even talking to a financial or educational consultant on the topic might be worth it for you and your teen. Times have changed as when I was at GWU a semester was $800 and I figure expenses ran about $3,000 s year with flights from Boston. Today a class is likely around $3,000! Rrmember, student loans are not erased in bankruptcy. |
Anonymous
| Netflix, phone plan and medical |
Anonymous
None unless there is a disability. |
Anonymous
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Parents are NOT responsible for ADULT offspring.
College should enable a person to get a good full-time job. If not, the kid did it wrong. Like me and all of my friends, my kids will be allowed to come back to my house for a year (or less) after college, while they work and save up enough money for rent deposit and possible car purchase. |
Anonymous
My friends who moved to NYC after college crammed in small apartments to save money. I had 2 friends split a studio apartment, by putting up a partition. No one got their own apartment- all saved money by having roommates. Many in Gen Z feel entitled to their own 1BR apartment. It's just not realistic. I've noticed that most of the new college dorms being built are single bedrooms. Kids need to share rooms and learn how to compromise with a roommate. It's a good life skill, and makes it easier to share an apartment after college. |
Anonymous
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They are on our health plan and family phone plan.
They pay their own rent/food/etc 6 month post graduation. We gave them a used car, they pay insurance, etc. They get pretty generous holiday gifts and their dad give them $100 here and there... it's an Italian thing I think to slip them bills but now it's venmo. IDK, his uncles and dad did it. If they go on vacation we throw them a hundred bucks for a nice dinner. If they are away for their birthday we send them money to celebrate. |
Anonymous
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They are on their own. It is a tight labor market and anyone can get a job.
I will interevene only if they are in dire straits or we are feeling particularly generous. |
Anonymous
I cannot imagine sharing a bedroom after college (unless it's a SO). Except maybe in NYC...you are 22+yo, I get sharing an apartment (2 in a 2 bedroom), but cannot imagine living with 4 in a 2 bedroom |
Anonymous
| When we came to Washington many of us lived in extremely cramped group houses. One person slept on a foam rubber mat in the kitchen. You do what you have to do. Or you don't, and you go someplace else. |
Anonymous
We plan to help. The financial landscape is going to be so much harder for our kids than it was for us (not that it was easy for us). Housing costs, college costs, costs of insurance, healthcare, etc. . . . |
Anonymous
| My son graduated from VT last spring wiht a job here in NOVA paying over 6 figures. He moved back home becuase it is free and he can power save. Plus he has a short commute. Rents are so high here I'm happy to help him save the $1,800/mo hed be throwing down the drain on rent. I do not support him, but we do not charge him rent and he eats dinner with us when I cook it and its someting he likes. He buys his own food and pays for his own car and cell phone. He is no longer on our health insurance. His goal is to eventually have enough invested to buy a home. |
Anonymous
They aren't |
Anonymous
| Our two still are covered on our health insurance plan but that’s about it. No rent subsidy and no allowance. We do buy their plane tickets when they visit us. They each have a few roommates to split the rent and that really helps. They both work hard and are ambitious because they would like to live better. |
Anonymous
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Keeping them on my health insurance until they are in a stable, career-track job (or turn 26) makes sense.
We'd keep them on our phone plan until they have a permanent SO and can get their own family plan. No need to give more money to the phone company. I'm sure we'd help with a few apartment essentials as an apartment warming gift, and maybe help get groceries when we visit. If they joined us on vacation, we'd likely treat. If they vacation on their own, then they're on their own. We'd probably also treat for any joint meals out or other joint activities,e.g., a concert, game, or theatre tickets. We'd be available to help out in a medical or other major financial emergency, e.g., a car accident or major health issue. We wouldn't subsidize rent or other living expenses. |