Reply to Why pay all of kids' college?

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Reply to "Why pay all of kids' college?"

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[quote=Anonymous][quote=Anonymous]I don't understand the "skin in the game" arguments.

A college student's skin in the game is the time and effort they put into studying and learning and obtaining their degree.

Most 18 yr olds could not feasibly contribute more than a few thousand dollars and a work study job toward their college education anyway, which even for an in-state college would be nothing close to the total cost.

So when parents talk about forcing their kids to self-fund all or a portion of college, even if the parents can afford to pay for it, generally what they are talking about is having their kid take out large loans. This is incredibly irresponsible if you actually have the means to pay for it -- you're just sign your kid up for a usurious student loan system.

It's one thing to say "we can only afford to send you to XYZ public colleges, if you want to go somewhere else you will need to take out loans for the balance." That's reasonable. It's something else entirely to insist that an 18 year old be responsible for the high price of a college education simply on principle.[/quote]

Parents should pay if they can afford it.

However, in dcumland a kid can contribute $10k per year easily.  Work during breaks [/quote]

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