Reply to Is anyone not saving to pay for all of their kids' college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents didn’t help me at all with college and it was very stressful.  I worked a lot to keep my loan amounts down, but I still came out of school in debt.

And it has gotten so much more expensive.

This is precisely why I save for my kids college. If we can’t pay all their tuition and rent, we’ll help them pay off the loans.  I want them to know they are supported. [/quote]

My parents/grandparents paid mine (my parents are too stingy to  help us, unlike my grandparents).  We bought the cheapest house we could find, DIY  and saved early on to  do a  prepaid and then  save for room/board and in state graduate school.  Kids know this and are fine with  going to the state school.  We started saving as soon as they were born.[/quote]

Exactly!  PP here - We will be realistic with our kids - but I don’t want them to be left holding the bag entirely.[/quote]

Same. I have graduate school debt and it's awful to have. It's basically paying a second mortgage that lasts through the daycare years and affects your debt to income ratio when buying a house. Terrible to stick your children with that burden when you have the means to save.[/quote]

Who paid for your undergraduate degree? Why didn't you get a TA or find another way to pay for graduate school? Your parents don't owe it to you to support you forever.
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I agree nobody should expect their parents to pay for graduate school.  Most grad programs, except MBA and medical programs are typically well subsidized for most PHD programs.  So you search until you find one that will pay you to go.  
And if you are medical or MBA, then you should plan accordingly for the costs associated with it.  Many companies will help fund MBAs.

I do agree if you have the means to save, you should save for your kid's undergraduate degree---it's cruel not to if you can afford to.  But grad school, unless you are wealthy, a 22yo should know enough not to  take on debt they can't easily pay back (heck an 18yo should know that too IMO if they are heading to college)
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