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College and University Discussion
Reply to "How do you handle spending money for your college student?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We don't provide any spending money. We pay for tuition, room, board, books, sorority dues, and supplies for the dorm/apartment. They pay for everything else- beer money, uber, concert tix, incidentals that come up (tampons, toiletries, snacks, groceries once they got off the meal plan, etc.), any spring break they want to go on. I think it is GOOD for kids to have skin in the game. [/quote] OP here - I agree! So do your kids make their spending money by working summers and during the winter break, or do they work during the school year too?[/quote] Both of them worked 40 hours/week during summer. DD worked about 10 hours/week at an on campus job starting sophomore year, DS did a 20 hour/week internship his junior year but didn't work during the year otherwise. [/quote] [b] But for people on financial aid, all that money goes against your aid. You have to be very aware of it. [/b] My daughter babysat and tutored under the table instead. [/quote] You cannot generalize like that. We were on financial aid and work-study was included in it - meaning she could either take it or leave it (the opportunity to earn up to $2.5K/school year). Whether or not she took it had no effect on her grants. [/quote]
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