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[quote=Anonymous][quote=Anonymous]This is not about repaying parents financially. I’m interested in whether people felt entitled to the money like you expected it. If your parents did not pay, would you have made the same like choices? Would your relationship with your parents be different?

-OP[/quote]

I truly don't understand what you are asking. People have to make college choices based on financial options, so of course parents who are paying for college are going to impact the decisions their kids make. I chose to go to a state flagship university because that was what my parents could afford to pay for, and going to the private SLAC that was my first choice would have entailed me borrowing a ton of money for undergrad. I knew I wanted to go to law school and decided that much debt was too much, so I chose the in-state school that my parents could afford to send me to. I was 18 so had no other source of college funding, like the vast majority of 18 year olds. Yes, I "took the money and ran" in that I.... went to college? I graduated with excellent grades and did attend law school, which I funded myself with loans. I don't know, I think my parents are proud of me and I don't think they resent the money they spent. They went on to make a lot more money later in life and now the amount they spent on my college education probably seems like a pittance -- perhaps 40k total over 4 years. They now have millions in investments and savings, I doubt they even think about that money at this point.

As a parent now myself, I do view it as my responsibility to pay for my kid's college education. Because, again, where else will that money come from? We are on track to be able to pay for more than an in state public school, but also if our kid decided to go to a less expensive school, we'd be fine with that too.

My parents did not help me with a down payment on my house but we intend to help our kid with this when the time comes, simply because it's such a huge factor in financial stability and being able to have a family if you want one -- we delayed having a child until we could buy a home, which is a major reason we only have one kid. I would like my own child to have more options, so as long as she can cover the mortgage, we would happily may for all or most of the down payment when she decides to settle down.[/quote]

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