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

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

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[quote=Anonymous]My parents did not have 1m/yr HHI, but they did have enough to pay for college for me and my siblings. It was the 1980s and college tuition was about half of what it is now. However, no, they did not pay for college for any of us. We all took student loans and worked jobs at our private Ivy colleges to pay our way. My parents did loan us money to help cover rent and living expenses when we were short, but we were required to pay it back, just like any other student loan. Happily, they did not charge interest. We each went to grad school after college, and had the same deal there.  Ended with lots of student loans. Some of us had jobs that made them easy to pay back (eg, lawyers), and others had jobs that paid less, so it was harder (eg, PhDs).

I'm hoping to save enough to pay for my children's college tuition, because it sucks to have to work your way through college and scrimp on money constantly. I am teaching them responsibility with money other ways than by withholding college tuition. [/quote]

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