Do your children expect you to pay for grad school?

[Anonymous]

Yes, we paid for all of our 3 kids post college education (medical school, pharmacy school, and Phd). We were able to so why not?

[Anonymous]

Anonymous wrote:Just curious how things go these days. DH and I both had ours paid via our employers, and our oldest is headed into a situation where his employer will pay as well. But in talking to friends, they're padding their 529s for this, and we're wondering if we should be saving for our younger child.

We have told ours that we will pay for school through grad/professional school. My family did that for me without true generational wealth and now I'm going to pay that forward.

[Anonymous]

We are wealthy so yes. We won't even notice and DD will get it in the end anyway.

[Anonymous]

Shoot, we’ll be happy if our kids get an associates at this point. Our first didn’t last at college and is now a working stiff. She might try to get a PTA at our local community college, but she’s not ready yet. We’ve got time with the second - 6 years. But she keeps telling us she wants to be a makeup artist.

I will likely be the only one in our family of 4 with a grad degree…which wound up being worthless to me in the end. It’s just a line on my resume that gets me in for interviews.

[Anonymous]

My son is currently a STEM undergraduate we full pay for. I expect him to pursue an M.S./Ph.D. only if he is able to secure teaching/research assistantships and tuition waivers, which is quite common among STEM graduate students. We will of course send him money from time to time, but I ask him to not expect it and learn to live frugally on his RA/TA stipends.

[Anonymous]

There is no plan or expectation to pay for graduate school, but if the issue arises, we’ll talk about it and see how we can help.

One kid is considering a PhD, which would be university funded. The second kid might do an MBA, but that’s not currently clear.

[Anonymous]

We have so much money left in the 529 plan, that it can cover the grad mba school when chooses to go.

[Anonymous]

I can think of few a more generous and useful lifelong gifts than a parent or grandparent paying for both college and grad school for a child or grandchild.

[Anonymous]

I can think of few more generous and useful lifelong gifts than a parent or grandparent paying for both college and grad school for a child or grandchild

[Anonymous]

Will help as much as we can, college we cover entirely and grad school prob will be somewhat shared expense. Would like them to have skin in the game but not be paying off loans for entire career. This is only something we can consider due to inheritance.

[Anonymous]

Absolutely not!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Paying for graduate school is a luxury. It’s not something many parents plan to pay for, unless you have nothing else to with your money, got a large inheritance, etc.

Or, you make lifestyle choices so you can afford it. We told ours that we could afford a state school for college and grad school. We live in a small house in an area where DCUM attacks and it's been years since we had a vacation. No housekeeper, no gardener. We do spend a lot on activities. I'd rather pay for grad school than go on a few vacations.

It's not just a few vacations - it can literally be $50K+ x 2.

State schools are cheaper.

You can easily spend $4-10K+ on vacations a year. Housekeeper at $150 per visit or more...

[Anonymous]

If my kid ends up at a school with tons of merit then I would put the difference of what I have towards grad school.

If they get into their ED school, I won’t have grad school covered.

[Anonymous]

No. We tell them up front 4 year college undergrad only.

[Anonymous]

My kids didn't expect that we would pay for grad school or even college. My kids have not demanded anything from us because we have lived fairly simple but contented lives.

We expected that we would pay for all college, grad school etc - fully or partially - to the best of our abilities. So we saved as much as we could by living below our means most of our lives.