Reply to Looking back, do you wish your child attended the least expensive college?

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[quote=Anonymous][quote=Anonymous]It depends on OP's finances, but I think such a kid seems entitled if they expect the parents to pay beaucoup bucks for a college degree. Some of these colleges cost more than the median salary. That's insane.

OP has two other kids. What would they tell the other kids when it's time for them to go to college?

I get it, OP.  My DC worked their butt off in HS. Graduating in a magnet program 4.0 uwgpa, very high SAT scores.  DC applied to flagship in state as well as OOS and fancy private.   DC will most likely go in state honors college that has a very good reputation in the industry because it's soo much cheaper (merit aid) AND the reputation is solid. DC will easily be able to find a good paying job after graduation.  The money we save will also allow DC to go to graduate school possibly fully paid by us.

My DC told me that a lot of the reasons why kids want to go to these fancy elite schools is due to ego, and that does include DC.  I told DC I'm not paying $320K for your ego.  Instead, I'll buy you a car for $32K after you graduate.

[b]The best gift you can give your college aged kid is to have them graduate without any loans, and for the parents to be financially independent in retirement and not have to rely on their kids.[/b][/quote]
Whew! It's nice to hear others say the same. The first thing we told our kids was we (as in the parents) needed to be [i]able[/i] to help -- and that means fully funding our own retirement and making long-term housing decisions for both age-in-place and when care might be needed. Second, [i]they[/i] needed to be [i]able[/i] -- able to get into a college/program they desired. And, finally, they needed to be deserving. And that started when they were in grade school by treating their teachers, classmates, and us with respect.

They are not perfect; neither are we but so far, we're all on track for all three conditions. :)[/quote]

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