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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]NP:  I have not read through the entire thread.  Culturally, I was raised with the notion that each generation pays for the subsequent generation's education.  My parents paid for my college, I am paying for my daughters.

Why?  By giving the money for education, you are more likely to have a successful offspring.  Education is where we do the intergenerational wealth transfer.  My DD may not inherit much, but her undergrad education will be paid for -- and by me paying the 160K over 4 years (state, no aide), DD will be able to pursue her dreams rather than chase the dollar.  That means she is more likely to be happy with her career choices.  I was able to not chase the dollar, but pursue my interests.

That is my UMC Jewish Privilege.[/quote]

I love this. That is all. [/quote]

At 24 years old, my son (who graduated debt-free a few years ago) now understands fully the value of the gift of the debt-free education we provided for him.  Because he has no debt, he is able to max out his retirement account, buy a car without debt, and save in a rainy-day fund.  He sees how his peers struggle and understands the meaning of what we did for him.
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Same here, Times three kids. They all got merit scholarships that payed part, but not all of the bill. They all, at different times, have said to us that they really appreciate that we saved and sacrificed to have the money to send them to college because they all have friends who are paying back huge loans now. They see how difficult it is for these friends and realize the freedom they have to make choices because their education was paid for. 
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