Reply to S/O What is our obligation as parents regarding college $$$?

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[quote=Anonymous]As far as my obligation - I feel zero obligation to pay for graduate school. If you want to get a graduate degree, you better make sure it's worth it and figure out the cash on your own.

I feel an obligation to contribute enough so that my kids can go to a state school with a not-unreasonable amount of loans. I graduated with $20k in student loans, and that felt like just about the right amount. Enough that I had skin in the game, and a bill coming due, but the payments were less than $100 a month. Very manageable, and did not slow my ability to gain a foothold financially. Now a days, interest rates on student loans are higher, but inflation... probably $30k in loans would be a reasonable amount to me. I also had to work summers to pay for spending money, travel, books, etc.

If my income was high enough, I'd want to be able to send them to a private school if that were their preference, but I'm not sure if that will be feasible. Depends on where our income goes. Current HHI $185k, and college savings very minimal at this point (but we're in the pricey daycare years). [/quote]

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