Reply to I genuinely don't get saving for college for kids

Forum Index » College and University Discussion

Reply to "I genuinely don't get saving for college for kids"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[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. [b] He sees how his peers struggle[/b] and understands the meaning of what we did for him. We also do not believe that “successful offspring” comes from signing a check. Building resiliency and grit do.

[/quote]
I guess that is the cultural difference. In our family we do not believe in parents removing struggles. We believe that struggle is a GOOD thing. Struggle is something to embrace. It builds character, grit, and breeds success. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics