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Reply to "s/o Is everyone on DCUM planning to pay for their kids college?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our kids don't know about their trust funds, so we plan to have them take out a portion of their educational costs in loans. Assuming they graduate and do well, the loans will be paid off (but they don't know that). A little skin in the game, whether real or perceived, is a good thing, I think. [/quote] This is brilliant. I am going to suggest to DH that we do something similar. [/quote] So this is an entirely different situation than 99% of people are facing. My hope would be to raise a kid who understands that understands that she has "skin in the game" because it's her education/life and I would consider it a great blessing if she could make her decisions without the overhang of educational debt. I'm not going to treat my kid graduating college like a toddler. [/quote] And that's great! I'm not going to tell my 18 year old that they have a trust fund. I don't consider that making them like toddlers, I think that until you are in that position as a parent you really have no idea what you would do. We all do our best. That's great that your hypothetical 18 year old with a hypothetical trust will be so mature. [/quote]
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