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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We pay Tuition, Room and Board. Kids will graduate with no debt. An aunt gave them each a $1000 Amazon gift card to cover books. We cover medical expenses and anything else that is truly necessary. Kids are expected to work summers and/or 5-10 hours a week during school to cover other expenses. One thing I do do. If a child has a summer non-paying study abroad or unpaid internship *that will meaningfully advance their degree of career goals*, I will pay them $400/week for that time ($10 and hour * 40 hour week). I don’t want to pay $200,000 for college and then not have them take advantage of opportunities that will help them long term. For example, DD is doing a 5 week immersion this summer in a critical foreign language. She is an IR major, minoring in the language. So, she will “earn” $2000 spending money for that time. They are expected to seek funding from the university or department first. [/quote] Does the Aunt know that books are not really a thing in college anymore? [/quote] Of course they are for many kids! My kid pays around $300/year in rental fees for required books. As far as other expenses, DC covers about $7-8k/year of tuition, room and board, and fees and we pay the rest. We also pay for about 3/4 of the car expenses and all of the cell phone plan, travel to/from home and summer storage. DC pays for entertainment, discretionary travel, clothing and everything else. [/quote]
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