Reply to Did your parents (step or otherwise) pay for your college? Will you pay for your kids?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I understand that, [b]due to inflation, it's no longer financially feasible for an 18-year-old to put himself/herself through a four-year college full-time on his/her dime by employment alone.  [/b]

My answer to my thread query:  My parents did not pay for our college educations.  We are now 52, 50, 46, and 44.

I paid for half of my oldest child's degree (she chose a private college and took on some loans).  I'm paying 100% for my 20-year-old's degree (she's at a public university).  I'm paying nothing for my son, because he was awarded a full ride.  For my last child, I intend to pay 100% for a public college and up to that amount toward a private college.

Tangential to the original question, how do you feel about this topic?  I was stressed as a young adult paying for school, and I finished my education by working full-time and going to college at night to complete my B.A.  I don't feel resentful toward my parents.  I clearly decided to contribute toward my own kids' educations, though.

[/quote]

It is not due to inflation.  Inflation alone does not cause this problem.  The problem is due to tuitions having increased FAR BEYOND the rate of inflation, and minimum wage NOT KEEPING UP with inflation.
Just sayin'.

This country is seriously f***ed.   I have bright, motivated elementary aged kids but I don't know what, if anything, will be out there for them.  They are likely to be in the "admit-deny" category where they would be admitted to a good school but not offered enough aid to make it feasible.  We've been saving since they were born, but on our HHI it is going to be a drop in the bucket compared to the reserves of other families.  I almost want to drop out of society and live in the woods.  I don't even want to be a part of this insanity.  DH, and by extension our children and I are eligible for citizenship in another country.  Maybe that's the route we'll have to take.  If we do stay, I am more than happy to pay whatever I can, forgoing vacations, renovations, and all that to help pay.  I hated my loans (24k, graduated in '01) and it is a terrible way to start off life.[/quote]

If your children are as you say, then the best in-state universities, UVA, UMd, VA Tech, William & Mary, are affordable.[/quote]

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