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Reply to "S/O What is our obligation as parents regarding college $$$?"
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[quote=Anonymous]Here is the way I look at it. If my daughter gets into say MIT for engineering, I'm not going to be the one to tell her that I won't pay for it, *if I can afford it*. In that career path, it can make a substantial amount of difference. So, we have saved enough to afford that possibility. That may or may not leave enough for her to also go to a top grad school (or law/med), and if at that point we can afford to pay for that, we will. I have seen first hand what going to top tier schools and the networking opportunities they afford can do for a young person. I have also seen what crippling debt coming out of college can do to a young person. If I can help it, I will set my daughter up to succeed, to the best of my ability. I have told my daughter that the only thing we owe her, is an education. She has no expectation that we will leave her our wealth (which is fairly substantial at this point), but she won't go into the world, handicapped.[/quote]
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