Just Curious: Post if you have a Masters, Law or MD and your parents did not pay for college

[Anonymous]

Anonymous wrote:I think parents who don't pay for their kid's colleges when they have the resources are big fat jerks.

I think kids that think their parents should buy them everything just because they have the money are big fat jerks.

[Anonymous]

I paid for my education by working at the college that I attended. They ended up paying 75% of the tuition. My wife went to school on a academic scholarship then she had her company pay for her two Masters. No loans, no bills. We now have three kids all in privates and tell them all the time that they might not be able to go to their dream college but we will help out as much as possible. Two of them want to be surgeons so that's a lot of school and support after undergrad. I will work multiple jobs if need be to support my kids education. I consider it the greatest investment I can make and would not think twice about giving them all that I can.

[Anonymous]

Lots of loans to pay for undergrad. My company fortunately paid for my masters degree

[Anonymous]

My parent did not make $1M a year but would not pay for college. I had a tuition waver and a GTA position for grad school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think parents who don't pay for their kid's colleges when they have the resources are big fat jerks.

I think kids that think their parents should buy them everything just because they have the money are big fat jerks.

+ 1! My parents refused to pay for my education and I think I am a better person for it. I didn't waste my time going to keggers like so many of my classmates. I had to work and study!

[Anonymous]

I don't think people should have kids if they can't pay for them to go to at least a crappy 2-year college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think parents who don't pay for their kid's colleges when they have the resources are big fat jerks.

I think kids that think their parents should buy them everything just because they have the money are big fat jerks.

Yes your luxury cars and your redone kitchen take priority. You must be a boomer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My parents didn't support me after 18 (they let me move in and out and did give me money sometimes, but nothing substantial). I did grants and a small loan and scholarships for college while working to support myself, and I had assistantships in grad school. Got a to a ph.d with a total of 10,000 of debt. But college was a lot cheaper back then and my college was in the south so cost of living was also cheap. No way could my kids do that - it isn't as cheap as it was in the 90s. And I want more for them than a second tier state school that they got As and Bs at while rarely going to class.

And your parents filed a joint return showing income of 1 million a year ? I ask, becaus ethis thread is not for MC kids who's parents COULD NOT pay, its to see if any rich kids had parenst who refused to pay for even so much as undergrad.

I myslef got stuck by the step -father income on the joint return. No bank or state or fed grant prgram was going to give me a student loan with parents having a joint income of 1 million/year. And no grant program would accept that a parent would refuse to support a 17 year old.

Just wonderin' any of you "private school parents" really "raise yourselves"

Your stepfather is an asshole.

I think kids should have the option of not listing step parents on fafsa, bc many step parents will not contribute to college.

[Anonymous]

Not millionaires but upper middle class. Parents raised us to expect to go to college and for us kids to save for it. I started saving when I began my first job washing dishes at age 13 (1972 -yes kids that young worked in jobs like that).

I went it to night school for first two years of college while I worked then worked while on campus for last two years. Got my masters as an older adult and paid as I went. No college loans. Used combo of part time school, full time work and savings to pay my own way.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think parents who don't pay for their kid's colleges when they have the resources are big fat jerks.

I think kids that think their parents should buy them everything just because they have the money are big fat jerks.

My parents did not pay a dime for college but frankly they couldn't afford to and they took the perspective of providing some enrichment and the best school district they could afford and the rest was up to us. My mom did not believe in co-signing for a loan. I was only able to go to the private college that I did because I had excellent grades, the college was committed to meeting financial need, and my dad was underemployed.

I really do think if a parent makes the kinds of money that the child will not get financial aid, talking may not get the government loans/workstudy, and the parent isn't co-signing on any loans the parents should not take the tax write off for the kid and let them pursue legally being considered independent. For sure the kid should know by freshman year of high school that it will be community college and transfer to state college while working to pay for school, military, service academy, or find an employer that will pay unless you win merit scholarships. I don't believe parents have to pay, but the millionaire parents refusing to help their child (while claiming as a dependent) have taken away one or two avenues of funding a poorer family would have AND perhaps did not prepare their child for this reality while the poorer family knew going in the only way it would happen is x,y,or z. It's like raising a pampered pooch and kicking it out into the cold with no preparation. For me, not giving the kid enough time for this reality and not letting the kid be considered independent while you are in essence considering them to be independent makes it a jerk move.

I am doing better financially than my parents and realize we will likely not get financial aid but we can't write a huge check for college and I am following my mom in not co-signing on a loan. However we are being very upfront that we will pay 4 years tuition at the state college and will do what we can for room and board (no guarantees -DDs may have to commute. If they want to do something else, the kids have to figure out how that will happen.

[Anonymous]

16:13- I am the one who posted millionaire parents who don't pay for college are big fat jerks. It sounds like you had great parents. They provided for you the best that they could. You knew that you were going to be on your own for college. Your parents had provided enrichment opportunities and had shown you through both actions and words that education was important. Emotionally, you had a lot of support.

The wealthy parents who choose not to pay for their kids' colleges are just selfish twits for the most part. It's a horrible feeling when your parents have the resources and as a child you had been responsible earning good grades etc to find out that your senior year of high school that college for you was not in their cards. As a high performing child, you feel really let down or like your parents really didn't love you particularly when the trade off is a new $150K boat etc. It's hard.

[Anonymous]

Anonymous wrote:I don't think people should have kids if they can't pay for them to go to at least a crappy 2-year college.

Really? That's a bit extreme. My parents were not able to pay for college, but they did everything they could to make it happen for me, including having high expectations of my academic work and the belief I could succeed.

[Anonymous]

Anonymous wrote:16:13- I am the one who posted millionaire parents who don't pay for college are big fat jerks. It sounds like you had great parents. They provided for you the best that they could. You knew that you were going to be on your own for college. Your parents had provided enrichment opportunities and had shown you through both actions and words that education was important. Emotionally, you had a lot of support.

The wealthy parents who choose not to pay for their kids' colleges are just selfish twits for the most part. It's a horrible feeling when your parents have the resources and as a child you had been responsible earning good grades etc to find out that your senior year of high school that college for you was not in their cards. As a high performing child, you feel really let down or like your parents really didn't love you particularly when the trade off is a new $150K boat etc. It's hard.

All right, I get that. Only way I made it to and through college was generous financial aid (before any government haters hate here - I paid back my loans in full). Have been completely independent since a month after I graduated from college. Parents loaned me money to attend an Ivy for grad school and I paid it back with interest as they took a hit by cashing in some retirement money. I knew a few folks in college with parents similar to above. In most instances, the parents had divorced and the father continually reminded the children that their financial obligation ended when the kid turned 18. Seemed so harsh. One of the women dropped using her father's name and changed it as soon as she had saved enough to do so. FWIW, when I was six, I asked my parents what came after high school. They didn't know many folks who went to college, but they did say, "college, but we can't afford that, so you will need to save if you want to go." Of course, there was no possible way to save to afford school outright, but I did have enough to work ten, not fifteen, hours/week - those extra five hours really helped my grades.

[Anonymous]

Paid for undergrad via ROTC scholarship. Husband and I paid for ivy grad schools ourselves. My parents offered to help with grad school and we refused. We were grown adults; no need for our retired parents to be funding our choices. I'd rather they spend it on themselves.

[Anonymous]

Anonymous wrote:parents made close to a million in 1980's and 1990's. They paid for my private undergrad (and two siblings), supported us with tuition and living expenses after college while we were 'finding ourselves in phD and Masters programs, and when we finally went to grad school(two siblings private, one public), paid for living expenses and made sure we got no private loans, but made us get the gov't loans for grad school. My wife's dad made more than 1 million a year---paid for her and her siblings undergrad and grad schools.

My parents have already told us that we won't get much of an inheritance, 500k each, only after their deaths---the rest is to be donated to various charities. Their thoughts were that they supported us during our formative (and past formative) years, so the rest of the money is for those that were less fortunate.

I don't make as much money as my parents did, but am planning on paying everything for my 3 kids as well. DD stars Sidwell this fall. I've already started the sleepless nights.

Gosh, a $500K inheritance does not, to me, qualify as a "won't get much" kind of situation. I guess it all depends on your expectations.