Reply to Sending teen to college-a few questions

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I remember when I went to college in ‘87. The admissions counselors told my parents they recommended no more than $20/week. So that’s exactly what I got. I made it work, but most of my friends had a lot more.

For my kids, we’ve told them they are on their own for incidentals between summer job and work study. Should be more than enough. We’ll reassess if they start getting unpaid internships.[/quote]

So your parents have you spending money but you aren’t giving your kids spending money? Why?[/quote]

Good question, I didn’t share the entire arrangement. We factored my allowance into the overall total expenses. My dad paid 50%, my mom covered 25% and I covered the remaining 25%, mostly through loans and a bit of summer job $$. Mostly a lot of loans. My dad was the one who organized all the funds and sent the allowance each month.

I’m paying tuition, room and board for my kid. So having him cover incidentals seems more than fair, as he’ll graduate loan free.[/quote]

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