Reply to DC wants to Drop Out - What should I do?

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[quote=Anonymous]Question for you OP:

How was your DC's education financed? I had a similar conversation with my oldest who was going into senior year and decided that college was not her cup of tea and she wanted to work out of an internship.

Normally if a kid says that college is not for them, I am like "fine, let's not waste the money then."  But like my DD, your DC is at the point where a lot has been invested.  It does not make sense pratically or financially to drop out with a semester left.

I reminded my DD that her student loan clock would start ticking the second she dropped out. She did not have a lot of loans, but enough to pay attention. So the nice money she thought was going to make was going to be "touched" up by a loan payment.  And it would be close to impossible to get another loan if she decided to go back before the current loan was paid off.  As a half-serious additional incentive , I told her that since she would not finish and the expecation was that we were investing in a degree - she needed to pay us back 50% of the tuition payments that we had paid on her behalf.  We explained that was money we could have invested elsewhere and made a return.  With my DD, she understood the financial practicalities.  An emotional plea would have made her just dig in.  Fast forward, she did finish and ended up getting a job in her desired field that paid a bit more than the post internship position would have.

GL[/quote]

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