How did your child pay for undergrad without going to bank of mom/dad/trust fund?

[Anonymous]

Paying for DC’s college. I don’t see this as the “bank of mom and dad”. I wanted to do this but I don’t have to and that’s the difference.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Aren't 529s "the bank of mom and dad"? You're still paying for it even if you put the money aside earlier.

No, 529 is tax free. My 529 must have increased in value more than 10 times as compared to the fund put in. All those free money is tax free.

Ridiculous math fail.

[Anonymous]

What’s wrong with the bank of mom and dad paying for college, if they are able to? My mom and dad put me through college. (My dad literally retired the day after paying for my last semester.) I got a good job and put myself through professional school at night. We are paying DC’s college. Nothing wrong with that, in our opinion.

[Anonymous]

I'm a millennial that worked 3 jobs, played a division 1 sport and maintained a grade point average above a 4.0 (on a 5.0 scale) at MIT. Also very large loans

[Anonymous]

Kids earned full cost of attendance scholarships, and work part time on campus for extra money.

[Anonymous]

Anonymous wrote:What’s wrong with the bank of mom and dad paying for college, if they are able to? My mom and dad put me through college. (My dad literally retired the day after paying for my last semester.) I got a good job and put myself through professional school at night. We are paying DC’s college. Nothing wrong with that, in our opinion.

Donut hole families are in the worst situation. Can't get any fin aid, and not enough for full pay.
Agree nothing wrong with parents paying for kids' college. A 529 account is the best way to handle this tuition. Any responsible parents should do it.

[Anonymous]

ROTC pays tuition. We pay R&B. ROTC provides a monthly stipend, and kids have summer jobs, so we never give them spending $$.

[Anonymous]

My kid at UMD is friends with commuter students who are living at home and working retail jobs to pay for college themselves. Strong, determined people. I imagine every public college has students like this.

[Anonymous]

Anonymous wrote:ROTC pays tuition. We pay R&B. ROTC provides a monthly stipend, and kids have summer jobs, so we never give them spending $$.

+1

[Anonymous]

Parents, grandparents, scholarships, financial aid grants, student loans. Can work way through college of ozarks if FAFSA checks right boxes. Or do community college for 2 years, then tranafer to university. Or, attend in-state commuter university.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Saved since birth, state college.

What kind of job did they do as an infant?

They along with us made sacrifices. Crummy small, cheap house, no vacations, no fancy meals, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What’s wrong with the bank of mom and dad paying for college, if they are able to? My mom and dad put me through college. (My dad literally retired the day after paying for my last semester.) I got a good job and put myself through professional school at night. We are paying DC’s college. Nothing wrong with that, in our opinion.

Donut hole families are in the worst situation. Can't get any fin aid, and not enough for full pay.
Agree nothing wrong with parents paying for kids' college. A 529 account is the best way to handle this tuition. Any responsible parents should do it.

You make lifestyle choices. Calling your self a donut hole is a joke. We make less than most people who claim it but we made choices to allow to save.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Saved since birth, state college.

What kind of job did they do as an infant?

They along with us made sacrifices. Crummy small, cheap house, no vacations, no fancy meals, etc.

The infant avoiding fancy meals and refusing vacations. Bravo, infant.

[Anonymous]

College scholarships covered most of tuition, additionally grants from school for housing. Work study and RA positions went toward tuition too.

[Anonymous]

I think that paying for college education (tuition, room, board, fees) is a parent responsibility so I saved accordingly. I expect my child to earn for extras like spending money.