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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have been MC all my life. I wanted to be married, have kids, and have at least a  MC life. Beginning of marital life, we were quite poor and made very little money.  Later on, our earnings increased.

Because of that - we only had 2 kids, only lived in house in a inexpensive neighborhood, only sent my kids to our local public K-12 schools, did not have a pet, lived a modest life,  saved for our retirement, emergency fun, and started saving for as much college as we could.  My kids went in-state and chose majors that can get them employed.

We first saved for 2 years of community college tuition, then we added 2 years of in-state public university tuition, [b]then we added two more years of Masters in-state public college.  Once we had that in place, we started to save for living expenses for 2,4, 6 years. Once we had hit that target, we started to save for MBA, medical school, law school etc. [/b]

Paying for kids college gives them a SES leg-up that can help them and future generations.  So, I don't have to sing the praises of college education for the kids or why making kids graduate debt-free is a blessing to them.  Suffice to say, you need to live with a degree of frugality to save for your kids.

If you are very poor, then at least make your kids high achievers by prioritizing education and enriching them at home.

I think people are critical when parents live a lavish life - vacations, booze, socializing, expensive hobbies and do not save for the kids education. [/quote]

The problem is graduate school really is a complete option, and often times a bad move.  I would not blindly agree to pay for my kid to go law school or get an MBA or do any kind of academic graduate program where tuition plus a stipend is not offered (because that means, it is a lifestyle program...not one in demand).  Medical school is different.

I am with some PPs that would likely give a low to zero-interest loan to a kid for graduate school...but only if they have a clear plan and it is a top program.  Anything other than Medical school (or again, a PhD program that is essentially "free"...so may help with some living expenses)...no way I would pay to go straight to grad school without working in the real world for 3-5 years.[/quote]

We will pay for grad school.  I don’t understand why you would not. [/quote]

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