“Fully Funded College”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Giving myself a break for a few years but at some point I may start adding again for grad school when I get around to calculating that math more clearly.

One of the best things my parents did for me was make me pay for my own grad school (MBA). I worked so much harder, and thus had better outcomes, when it was my own money that was footing the bill. I went to top 5 schools both undergrad and MBA, so neither was cheap.

Same here. It forced us to make smart choices about investment in grad school in a way we didn't have to for undergrad.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Giving myself a break for a few years but at some point I may start adding again for grad school when I get around to calculating that math more clearly.

One of the best things my parents did for me was make me pay for my own grad school (MBA). I worked so much harder, and thus had better outcomes, when it was my own money that was footing the bill. I went to top 5 schools both undergrad and MBA, so neither was cheap.

One of the best things my parents did for me was to fully pay for college and graduate school.

[Anonymous]

My parents paid for undergrad at a pricey private. They could’ve paid for grad school too but they didn’t, and I am so much better for it. At some point, you have to cut the cord.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Giving myself a break for a few years but at some point I may start adding again for grad school when I get around to calculating that math more clearly.

One of the best things my parents did for me was make me pay for my own grad school (MBA). I worked so much harder, and thus had better outcomes, when it was my own money that was footing the bill. I went to top 5 schools both undergrad and MBA, so neither was cheap.

One of the best things my parents did for me was to fully pay for college and graduate school.

This is very very child dependent. I could NOT believe how many kids in my grad program were there because Mom & Dad were paying, and they didn't want to give up the student life yet and join the real world.

[Anonymous]

Anonymous wrote:For me, it means $260k invested in Coverdell and 529 plans for my 12 year old DD. Plus, we contribute $5k a year. That should be enough for full pay just about anywhere she would like to go.

Don’t be a full freight sucker.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Giving myself a break for a few years but at some point I may start adding again for grad school when I get around to calculating that math more clearly.

One of the best things my parents did for me was make me pay for my own grad school (MBA). I worked so much harder, and thus had better outcomes, when it was my own money that was footing the bill. I went to top 5 schools both undergrad and MBA, so neither was cheap.

One of the best things my parents did for me was to fully pay for college and graduate school.

This is very very child dependent. I could NOT believe how many kids in my grad program were there because Mom & Dad were paying, and they didn't want to give up the student life yet and join the real world.

Or, maybe they realized they'd get further and have an easier time getting a job with a master's degree and its easier to go straight through than going back. It has nothing to do with joining the real world. My parents made it clear from birth they expected me to get a master's degree and I didn't have a choice. I am glad they had me go straight through or I never would have done it or gone back.

[Anonymous]

Anonymous wrote:Most people underestimate cost.

Amherst this fall is around 90k

Amherst is between $75k and $80k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Giving myself a break for a few years but at some point I may start adding again for grad school when I get around to calculating that math more clearly.

One of the best things my parents did for me was make me pay for my own grad school (MBA). I worked so much harder, and thus had better outcomes, when it was my own money that was footing the bill. I went to top 5 schools both undergrad and MBA, so neither was cheap.

One of the best things my parents did for me was to fully pay for college and graduate school.

This is very very child dependent. I could NOT believe how many kids in my grad program were there because Mom & Dad were paying, and they didn't want to give up the student life yet and join the real world.

Or, maybe they realized they'd get further and have an easier time getting a job with a master's degree and its easier to go straight through than going back. It has nothing to do with joining the real world. My parents made it clear from birth they expected me to get a master's degree and I didn't have a choice. I am glad they had me go straight through or I never would have done it or gone back.

Serious boundary issues.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Giving myself a break for a few years but at some point I may start adding again for grad school when I get around to calculating that math more clearly.

One of the best things my parents did for me was make me pay for my own grad school (MBA). I worked so much harder, and thus had better outcomes, when it was my own money that was footing the bill. I went to top 5 schools both undergrad and MBA, so neither was cheap.

One of the best things my parents did for me was to fully pay for college and graduate school.

This is very very child dependent. I could NOT believe how many kids in my grad program were there because Mom & Dad were paying, and they didn't want to give up the student life yet and join the real world.

Or, maybe they realized they'd get further and have an easier time getting a job with a master's degree and its easier to go straight through than going back. It has nothing to do with joining the real world. My parents made it clear from birth they expected me to get a master's degree and I didn't have a choice. I am glad they had me go straight through or I never would have done it or gone back.

No choice? At what point in your adult life did you start making decisions for yourself?

[Anonymous]

I'm the poster who said I was happy my parents didn't pay for my MBA. I know an absolute ton of people who went straight to grad school only because they didn't know what they wanted to do or didn't want to get a job. I also know a metric ton of people who wasted massive amounts of money on their kids' grad degrees that never got used.

With my own kids I plan to encourage them to go to grad school, and offer to pay part of it (maybe $10k per year towards it or something). Then I'll have them borrow the rest if they decide to go. Afterwards, if all goes well, I can choose to pay off their loans as an unexpected surprise / gift.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Most people underestimate cost.

Amherst this fall is around 90k

Amherst is between $75k and $80k.

Why do people want to sent their kids so far away? Apart from instate tuition I want my kids to go to school in VA so they are close by and settle in VA after college and marry someone from around here. I want my kids and grandkids nearby.

[Anonymous]

It also depends on the grad degree. For something like teaching or accounting where the 5th year is basically required and consecutive, I’d just pay. I’d also share the burden for medical school. Liberal arts masters? Meh.

[Anonymous]

We weren't a family that could fully fund college for our kids. They both went to community college and didn't pay anything because they got scholarships. Then, they went free ride at our local state school. It wasn't anything special, but they got their undergrads for free. One kid is at Northwestern for her graduate/PhD program (combined) and they are paying HER to attend on stipend. The other finished Med school and has about 50K in student loans. She was able to get some scholarships, we paid for some of it, she worked a lot in high school. Part of the reason they were able to do it was because they are both part Latina and there is money for underserved students. Our goal from birth was to help our girls into strong careers. I'm a teacher's aide with a high school education and my husband is a school custodian.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Giving myself a break for a few years but at some point I may start adding again for grad school when I get around to calculating that math more clearly.

One of the best things my parents did for me was make me pay for my own grad school (MBA). I worked so much harder, and thus had better outcomes, when it was my own money that was footing the bill. I went to top 5 schools both undergrad and MBA, so neither was cheap.

They "made you" pay for your own grad school after you reached adulthood? How did they do that? Did they make you complete applications, accept offers, write checks for tuition?

Any adult who goes to grad school is making the choice to do so. Your parents didn't pay. That doesn't mean they "made" you pay.

[Anonymous]

If DC goes to a professional school, it's easily financed and will/should pay for itself. Why would a parent pay for an MBA/JD/MD when the whole point is to get a job that will pay big dividends? If he decides to take a socially redeeming job afterwards, we could always help with loan repayments.

If DC chooses academia/PhD program, he'll get paid to go, but not enough to live very well. So I'm sure we'll slip spending money his way. But, that's small change and doesn't require 18 years of financial prep.