Reply to S/O What is our obligation as parents regarding college $$$?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have to admit I am kind of appalled by this - really you wouldn’t feel obligated to fund a top private? I am Asian and it is basically written into my dna that if I can afford it (and even if I can’t I would try) that I will pay for my kids’ college tuition.I kid, but  It was never a question for me growing up that as long as it was a “good” school my parents would pay. That comes with all the stereotypical strings you can imagine.

My parents paid for grad school as well. I had the option of a top 30 program full ride scholarship vs a top 15 program with no scholarship. I didn’t want to take out debt but was perfectly willing to go to the lower ranked school - my parents paid for the higher ranked school. I didn’t realize how much of a leg up that gave me back then but I surely appreciate that now. Having school fully paid for did not make me a bum, as I hear people cite as a reason they think having debt is good.

Our HHI is well over 550k and we’ll absolutely pay for undergrad and grad school, within reason. Why wouldn’t I? My kids are very little now but I can’t imagine telling them to go to their second choice school or take out a crap ton of crippling debt when I can perfectly well afford it. If I couldn’t afford, it would be a different story - no one should bankrupt their retirement to pay for college - but you clearly can. Maybe this is a theoretical thought exercise for you and you’ll change your mind when / if it is a reality [/quote]

I am very curious what you are doing now that you wouldn't have done if you went to a top 30 school vs. top 15.  I am actually quite appalled that you would have asked your parents to pay for grad school when you had a perfectly find option for free.  Assuming your parents aren't multi-millionaires, forcing them to work harder and longer to go to a school that most likely will not make any significant difference in your future is incredibly selfish.[/quote]

If PP is referring to T14 law schools it’s definitely true that the upgrade was worth the price. Attending a T14 law school changed my life. [/quote]

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