Reply to Why pay all of kids' college?

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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, 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.

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.

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

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]

You do appreciate that "very poor" people are literally just trying to survive.  It is maybe .01% of very poor people that are in a position to make their kids high achievers.[/quote]

What rubbish! Are we talking about people living in a waitron place that are just trying to survive?  The "very poor" people in US are still doing alright.  If you can speak, read and write English, and have access to a library - your kids can be enriched at home by you.  If the parents are drug addicts, mentally sick and you are living in a cardboard box then they should not be having kids in the first place.[/quote]

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