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Reply to "S/O What is our obligation as parents regarding college $$$?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]At 450K, you will be expected to be full pay no matter where your child attends. You don’t determine your obligation. A combination of the federal government and college financial aid offices do. You can pay with cash, savings, or private loans, but you will be expected to pay. No emotions accepted.[/quote] Um, I absolutely get to determine how to spend my money. Sorry if the word "obligation" threw you off. We all place value on different things and to different degrees. Some parents do not feel obligated to pay for a secondary education...and they don't. Some parents feel like their greatest obligation as a parent is to provide the "best" education their child can get up to and including graduate school. And presumably many degrees in between (community college, in state, not room and board, not a liberal arts school, etc. etc.) I'm asking what this board thinks about that.[/quote] You misunderstood my post. Your child will not receive federal aid or loans. You will be expected to pay unless you financially emancipate her. As in no more claiming her as a dependent on your taxes. Not my opinion- those are the rules. [/quote] I get that. I really do. What I am saying is that I get to choose how much I will pay toward a college education. That could mean certain schools are off the table for my children. It could mean a lot of loans my children have to carry. But it is still a choice. I'm trying to get at how people view that choice.[/quote] So, what is your point? You are really selfish not to "choose" to pay for college and I would question you as a parent with that income forcing you kids to take loans or not go to college if they cannot get loans. Why would you want that for your kids? Why wouldn't you set them up with a good education debt free and teach them [b]good values and model how to be good parents[/b]? [/quote] FWIW I said I intend to fully fund four years of in state school for both my children. What I was trying to be clear about is that it is a choice, when the post I was responding to seemed to imply it was not. And as to the bolded, I think we can all agree there are differences of opinions as to what that means.[/quote]
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