Reply to Dual income families, what is your HHI?

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[quote=Anonymous][quote=Anonymous][quote]I don't believe I have an obligation to fully fund my children's college education. . [/quote]

You definitely don't have an obligation to do so.  But the way that I think about it is, I am not sure what I would really rather spend money on.  I wish our house was bigger and nicer, but we're not even home that much, so I don't think it would be worth investing more money in a place to live.

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I'm the poster who does not feel obligated to fully fun my children's college edcation.

Both DH & I fully funded our own education.  I went to Northern VA Community College for 2 years and transferred all my credits to William and Mary.  I did a combo of grants and work/study to fund my schooling.  I also waited tables Full-Time over the summer at a VERY busy Georgetown restaurant (Sequoia) and racked in the cash for the year.   I met my husband while working at Sequoia and he was going to George Mason and paid for his college in CASH as he went along.  We graduated with 5k in debt.  I think because we were not given something for nothing in return, we are much better off for it.

It might be a cliche, but we both understand the value of a dollar because our parents did not indulge us.  My DHs parents had the means to pay for his school, but  his first semester, he got Cs and they immediatly cut his funds off.  It sucked at the time, but I think our parents made us better people by forcing us to make adult decisions.

Personally, I think people who go to expensive out of state or private schools and rack up a bunch of debt are terribly immature and lack long term vision. I also do not think an ecuation that costs 100K+ has any more value than a community college to state school track and you might as well flush your money down the drain.  If you live in Virginia, there are a handful of amazing schools one can attend.

I'm not saying I will not help, because I will if my children are serious about school. The help will only come in the form of loan repayment because I will not repay poor grades. I will not pay for a 4 year party.  In that regard, I'm like an iron-fisted Chineese mother.[/quote]

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