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Reply to "Why pay all of kids' college?"
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[quote=Anonymous][quote=Anonymous]We wanted to pay for our kids' college (public school budget) because our parents did that for us. For me, it was going to a good CA state U, living on campus but had to turn down more expensive private schools. for DS it was living at home to go to the local university, the only place he applied to as a working class kid who'd never been expected to go to college. Starting off with no loan payments is a huge gift. We took the same approach my parents did - we set a budget of in-state public cost and let them apply where they wanted. Both picked schools in our budget (one in-state and one OOS) and grandparents ended up paying for one year for each of them. [/quote] I went to a CSU and commuted; I worked 20+hours per week to pay for it with a little bit of pell/cal grants. I was constantly tired and unhappy. I don't ever want that for my kids. But, tuition had more than doubled by the time I graduated (back in early 90s). College costs are insane. My niece also went to a CSU 10 years ago, on a loan. My single parent sibling couldn't afford it even though they were making more than my parents did way back when. College costs have way surpassed inflation, and wages haven't kept up with inflation let alone college costs.[/quote]
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