Reply to Do you have an age cut off on supporting adult kids?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think students need “skin in the game” for grad school to avoid becoming professional students. Rent and living expenses at a minimum, so for PP I’d pay the tuition but no more. If she doesn’t want to figure out her living expenses, I guess she doesn’t want to go that badly. Who she lives with is up to her.[/quote]

Depends on the kid. My parents paid for all of law school - I still graduated in the top 10%, law review, then started in Big Law with no debt. If anything, because they paid, I felt like I needed to do my part and succeed. It wasn't until 5 years in Big Law that I started feeling burnt out and losing motivation, but then I had kids, and kids are good for motivation. [/quote]

Parents can always pay the loans later. It’s still a good litmus test IMO. Prevents the masters in Art History kids. [/quote]

If you don't give kids spending money starting at 16 so they have to get a job and learn to budget, and you set expectations that (1) they can't move back home after school and (2) you won't provide them any financial support after school, they should be interested intrinsicslly motivated to choose a good major. It would be tough to go from a high to a low standard of living. Most kids who know their parents will cut them off after graduation are motivated to get a good-paying job.  It just can't be an empty threat.

My friend majored in art and now owns two profitable galleries in resort markets. 
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