In what way are you motivating your kid to work hard for life's luxuries if you're accepting it as a reality that you have to buy him a $120K car that he doesn't deserve? Sorry pop, I think this situation is on you a little bit. |
Can you seriously not read? He's saying that paying for his kid's crappy college feels like the equivalent of buying him an un-earned Porsche. |
Kids with A's deserve a Porsche? Shouldn't they have earned merit scholarships or grants... do they really deserve a Porsche? Maybe if they worked harder they would not need $120k from their parents. |
I agree college costs are too high. So, here's the thing. Don't pay more than its worth. PPs are right about community college being a good intermediate option for lots of kids. Or at least tell them you'll pay for only a big state school rather than a "crappy" private school. You can get a really excellent education at many state schools. Or, I suppose, you could tell your kid they'll have to finance it themselves. I'd feel bad telling my kids that if they were hardworking, straight-A students, but not so bad if they've been eking by. I'm not sure where this social pressure you speak of comes from.
That said, I went to a middling liberal arts university and got a great education. I was intimidated by the large classes and general crush of the big state university I was admitted to, and didn't even apply to fancy Ivy Leagues or the like. I got a small merit scholarship that helped alleviate the burden on my folks, fortunately, but nowhere near the whole shebang. The relatively small, nurturing community was exactly what I needed at that point. Went on to get a law degree and graduate at the top of my fancy law school class and am doing just fine. So, I don't know if you would consider my undergrad education "crappy". It probably was overpriced, but it was also exactly what I needed. Also, why the fixation on STEM? Plenty of good careers out there that aren't in STEM. What are your kids' strengths? |
Go back and reread what OP wrote. It's not what you think. |
College names/examples pls? No idea what you are talking about. |
So how would you feel about paying $70K a year for a patrician tier college? |
Well then OP, don't pay so much. Tell kid they are going to a state school or community college and those are the only options. That's what the parents of my lower achieving middle class friends did. |
Well if you are bitching about spending 120k on your kids education, your prestigious college has let you down. Maybe if you went to a better college you would have had more success it life. |
Don't most state schools cost $25-30K per year? |
...state schools are quickly approaching 30k a year. |
UMD College Park is 25k/year (inclusive of COL). OP doesn't have to pay all of that. OP's child could earn 5k/year through part time and summer jobs, kick in another 8k/year in student loans. That leaves OP responsible for 12k/year. Or, kid can live at home. |
Thanks for putting into words what many of us think. Bravo. |
You need to look in the mirror. What kind of parenting led to this? You sound like you are super-successful working with *no one* from a mediocre college? State school or community college, or make the kid pay himself and chances are he'll work harder. |
I think it means "lower tier" school. |