Reply to Why pay all of kids' college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]For 4 years of private undergrad - i got 2 years worth of merit scholarships, my parents paid for 1 full year, I took on debt for the other 1 year. Looking back, it taught me a lot about the value of money, how to think about paying off debt, how compounding interest works, etc.

I paid everything off in about 3 years of graduating - i want to say it was about $30K. I got the other $20K funded through more school facilitated merit scholarships I applied for every semester. THIS was probably the single largest benefit from my parents making me pay for 1 year of school - I realized if I dont get aid for this, I will have to pay it, and it will suck, and I dont want to have to pay for any longer than I have to.

I lived in NY in a literal living room for about 2 years, paid around $1500 / a month in rent, I think did a 50% 401K contribution so like $1K a month? But still got it done. This was back in 2010. [/quote]

Most of us who graduated couldn't afford $1500 a month rent and $1K 401K so nice brag.  [/quote]

I dont know why that is your takeaway. The question was why not pay for your kids college, and the answer is that having the kid partially pay taught him / her some good financial values.[/quote]

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