Reply to Do you agree or disagree with this: Parents should pay for undergrad tuition

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[quote=Anonymous][quote=Anonymous]If the parents have the means--yes they should.

DH came from a poor working single mom and had to take loans to pay for his college.

I came from a middle class family of 3 and my dad promised to pay for the 2 daugthers (had one brother) wedding in full (not extravagant crazy affairs--but very elegant) and 4 years in-state tuition (out of state we would have to take the difference in loans).  He also lectured on the quality of the va state univ. and the idiocy of taking a loan from an equivalent out of state (if I got into an ivy that would be somethign different).

I will pay for my kids university (and I dont have the in-state requirement that my parents imposed on me).  My oldest just finished K and his 529 is already 'pay now' if we want it.  We have essentially already set enough aside for both of our kids.

Loans are now the new bubble that the housing market once was.  I will not saddle my kids with them.  They will have to pick credible majors and work hard.  My dad's rules were if the grades dropped $ was cut off and if we didn't go to college we were out of the house at 18.  I think those were good rules.

A minimum 4-years university tuition is definitely the responsibility of a parent with means.[/quote]

I agree with every single word you wrote (and your dad).[/quote]

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