Reply to Do you agree or disagree with this: Parents should pay for undergrad tuition

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents couldn't afford to pay my tuition for college. My dad did pay my rent and covered the cost of books, which were a good $800 at least a semester. Rent was $380 a month for my share of our apartment's rent. (Three roommates.) The deal was, he would cover that if I got a part time job to cover miscellaneous expenses (in other words, alcohol). The thing is, I'm from Georgia, where they have the HOPE scholarship, and when I entered college, if you had a 3.0 GPA, the state would pay for your tuition, and would continue to pay it for 4 years as long as you maintained a 3.0. Really, it was a great deal. I lost HOPE 2 years in (partied too much; after being on Dean's List my first 2 years, I dropped to a 2.97 and lost HOPE by 3/10ths of a GPA point, like an idiot) and the agreement after that was, I would take out student loans. I felt and still feel that was fair. I blew a free ride, so I had to pay. I took out student loans totaling about $18,000 for the remainder of my time in college, and started paying those back after graduating. It's not the end of the world. DH and I will probably do something similar for our kids when they go to college, but am I going to kill myself to make sure I have $250,000 saved up by the time they're 17 so they can graduate debt free? Nope. I don't think contributing to your own college education is a bad thing at all. [/quote]

But what if your kids are more responsible and mature than you were?[/quote]

Then I assume they'll have accrued a good amount of scholarships on their own and will be fine! It was my responsibility to figure out how to pay tuition. Either keep my scholarship, or take out a loan. Why would that be a terrible thing to ask of my own kids? If you don't want loans, work extra hard for scholarships. Or, take out the federal loans if you don't want to work hard enough to earn and maintain scholarships. I'm not saying I won't contribute at all- as I said, my DH and I will probably do something similar to what my dad did for me. But I do not think taking on student loan debt is necessarily the worst thing in the world for kids. In fact, they might be motivated to give more of a shit about their education if they have to pay for a chunk of it.[/quote]

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