Reply to People with kids in college or professional/grad school: Which expenses do you pay for?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents paid 1/3 of official college bills (so nothing when I moved off-campus) and nothing after.  They thought it would build character.  It built something, alright - the inability to take non-paying internships related to my field because I had to work, and a mound of debt (even at a state school) that I still have to this day.  It also instilled in me the (bad) decision to go to a lower ranked/more affordable graduate program when I would have been much better paid had attended the higher ranked/more expensive programs.  Thanks, parents.  I will not make the same mistakes with my children.[/quote]

Bitterness is bad.   Get over yourself.  They owed you nothing for college.[/quote]

[b]Not PP, but speak for yourself. We very much believe we owe our children a debt-free college education. We have saved for two decades to make that happen for them.[/quote][/b]'']

Not to be mean, but you have to save four decades in order to provide your children with a debt-free collection education.  You do know that most SLACs are approaching 80K a year (including everything)? and some kids take 5 to 6 years to graduate? That's in AFTER-TAX dollars.  I'm glad you are so *smart* but we too set up trusts (pre 529s) at birth for both of our kids.  Then the 2007 market hit the accounts badly.  Then both kids turned out to have SN so we started draining the accounts to pay for tutors and special programs and still, to this day, we are supporting three parents.  And even after all the unexpected life experiences that happen, you can afford 4 years x 80K, you STILL should apply under FAFSA so your child takes out the $5500 + loans every year just so they have some skin in the game.  Every single year.[/quote]

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