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Reply to "S/O What is our obligation as parents regarding college $$$?"
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[quote=Anonymous]No one owes their kid college tuition, but with a HHI of $450k I’d be pissed if my parents demonstrated through their fiscal choices that their vacation/car/furniture was more important than my education. If the income level is recent, why not maintain the lower income lifestyle until kids get out of college? The only exception that doesn’t seem selfish to me is if you can’t fund college because your recent income boost came with significant debt (grad school, buying a business) or you have an urgent need to make up for lost time with retirement savings No parent owes their kids college. But paying for college if you can is a nice way to launch your kids into their adult life making it more realistic they can support themselves in early adulthood. [/quote]
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