Reply to Why pay all of kids' college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have zero problems if people don't pay for their kids college and tell them to take loans.

I will continue to pay for my kids and give them all advantages that I can.  Others not paying for their kids makes my kids more competitive in the long run. [/quote]

DP. +1. And I see this touched a nerve. But, it is true. Paying for your kid's college gives them a huge leg up in life. Having your education funded doesn't mean you'll have less grit and determination - it means you can come out of school ready to conquer the world, free of the noose of debt around your neck. Less debt can mean more income to do things that can contribute to your success - like...living in a nicer place. Driving a nicer car. Joining a club and networking there. And on and on. Do not fool yourself. Those who fully fund their children's education are giving them a tremendous advantage.[/quote]

I am paying for my kids education because I can…but I don’t think it gives them any real advantages on its own.  Nobody cares what car you drive as a 21 year old…and honestly, if your kid is actually getting a decent first job they are likely in a metro where you wouldn’t even have a car.  I also am not aware of any “clubs” to which you refer…curious as an example.

Being wealthy and connected will give your kids advantages…but let’s say you are just a mid level govt employee or worker bee that inherited $500k and can pay for college…just paying for college doesn’t much confer many advantages.

I think you are conflating wealth and connections (which always help) with the act of paying for college.

The noose of loans may strangle some…but it also drives others to rip your kid’s head off…so I tell my kid to stay sharp.[/quote]

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