Reply to Why pay all of kids' college?

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[quote=Anonymous]
Part of the reason to pay all of kids' college is to not give the kids an excuse not to pursue a college degree.

If your kids are highly motivated to graduate from college (no matter what), then I think it's probably a small risk to have them pay part of their costs.

But in our case, our DD and DS (now in college) would be very reluctant to take loans.  They would literally prefer not to attend college (even though DH and I both went to Top 25 universities and law schools).  So we need to do everything we can to motivate them to get a college degree.  That includes paying for it.

My DH went to college mainly on a Pell Grant, with some loans for law school.  My parents paid for college, and I paid for law school with loans. 
 We both easily paid off the loans within a few years of graduation.  We viewed the loans as investments in our future, and we were not reluctant to take the loans.

Today's generation has been hearing all of the horror stories (on TikTok etc) about not being able to pay back student loans.  But my understanding is that, by living frugally for several years after college, most people can pay them off.  I wish that a university education were funded by the government (as they do in Europe), as I think that we need more educated people in the USA.  However, until that changes, I think that it's ideal for parents to pay if possible (to avoid giving kids an excuse not to go to college).  (But if the kids are highly motivated, then I think that the parents do not have to pay all.)[/quote]

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