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College and University Discussion
Reply to "panicking about cost and distance"
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[quote=Anonymous][quote=Anonymous]It's never too late to sit your kid down and have a chat about finances. There's absolutely no reason why any parent should feel obligated to allow their child to dictate such a huge financial decision. I have a number of friends who allowed their kids to turn down free rides at fabulous state universities to go to ridiculously expensive private colleges. They paid upwards of $200k when they could have made their kid go to the state uni that offered them a full scholarship. Why any parent would allow that is beyond me. Then the kids had to take out loans for grad school. And there was no money from the parents for a wedding or a downpayment on the kid's first home. Stupid. Really stupid. Sit your kid down and talk about this stuff. [/quote] There are many financial considerations I will weigh when considering whether to pay for a private college, but my ability to pay for a wedding is not one of them. [/quote]
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