Reply to Why do people think you have to spend so much on your kids?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Your kids will have to use your income on their FAFSA. They will not get enough aid. They will be forced to take out private loans.

I had 70k in debt in 1999 because my parents did what you did. The average student debt loan was $16,000 total for all four years then. I had to take out private loans from Chase bank at 9% interest. I had to work 3 jobs in my 20s to pay it off. It ruined my career prospects (could not consider professional school...I had to survive) and I literally had no fun or joy in my college years or from 18-32. I paid it off around age 32. It destroyed my young adulthood and changed my life trajectory than it would have been otherwise.

I have barely spoken to my parents since. I am mid 40s now. They intentionally started my life in a hole. Their income was used against me.

College costs are too high for you to do this to your kids. They won't get aid with your income.

You really need a reality check. I would never, ever do this to my kids. Never.[/quote]

Stop blaming your parents for your own failure. Take responsibility for your failure. Nobody owns you anything even your parents. Be an adult and own your life. In your mid 40s and you are blaming your parents for shortcomings? This is pathetic.

I was an international student and didn’t qualify for any help. I had to take student loans. 
I wasn’t even allowed to work. I did what I could to survive, working illegally at times.
Today I have a job in tech making $400k, all student loans are paid off. Spouse is making $300k. We have a high net worth. Life is good. I’m not sitting here blaming my parents. 
In fact, I think that the struggle I went through helped me become stronger. It didn’t ruin my life like it did yours because I wasn’t an entitled child.
Grow up. Take control of your life and stop blaming your parents.

[/quote]

If you were an international student, then your parents paid for college and you were a full pay student so your experience is completely irrelevant because you did not have massive student loan debt, holding you back from making career decisions, and forcing you to work jobs you may not have worked otherwise because you had to pay back those loans before you actually started your life. You can shut up. [/quote]

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