Reply to s/o Is everyone on DCUM planning to pay for their kids college?

Forum Index » Money and Finances

Reply to "s/o Is everyone on DCUM planning to pay for their kids college?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Don't get me wrong, we are putting away $$ in a 529... but [b]neither my nor my husband got our degrees without some debt.[/b] Is everyone planning to cover the cost for their kids or is there still something to be said for a kid having a part in paying for their education?[/quote]

There is debt, and then there is crippling debt.

http://college-education.procon.org/view.resource.php?resourceID=005532

Given the rising cost of college relative to household income, it is very important to us to pay for our kids' education.  Beginning life with huge debt is a major impediment to buying a house, saving for retirement, having children - the list goes on.

We have saved aggressively, so our kids will graduate without debt.  I'm not opposed to some modest amount (e.g. $25K or less for all four years), but anything beyond that would be unacceptable to me.

It is not possible to "work your way through school" now in the way that it was decades ago.

https://www.theatlantic.com/education/archive/2014/04/the-myth-of-working-your-way-through-college/359735/

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics