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College and University Discussion
Reply to "Do your children expect you to pay for grad school?"
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[quote=Anonymous]I have told DD that she will have the same deal I had from my parents -- I will pay for college (within our means, including savings and some cash flow) but graduate school is on her. I will be 62 when she graduates from undergrad, assuming she graduates in 4 years. So if she takes some time before graduate school, I will be retired or close to retired when she goes to graduate school. It is in her long-term interest that I not raid my retirement funds for further education. Now whether that has sunk in, who knows? I went to graduate school on a fully-funded fellowship, which meant I did not necessarily go to my first-choice program, but I had no debt and limited opportunity costs for grad school. That may or not may be possible for her but she will need to be intentional/strategic about financing graduate school. I will help to the degree I can but that may be pretty modest.[/quote]
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