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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I had my kids take out $5000 a year in loan so that they could have “skin in the game”.

So they graduate graduated with $20,000 in student loans. I ended up paying off about 7000 of that because they had higher interest rates and then my kids are paying the ones that are 3%.

You have a husband problem. Also, you have your own money so you don’t need your husband’s permission to pay their tuition.

I guess I’m wondering why you need your husband’s permission to spend your own money?[/quote]

1. You are a terrible parent. "Skin in the game" is a myth. I am surrounded by kids who take college seriously (even the party types), and none of them pay a cent for their undergrad. My friend who was low-income when her kids went to college still paid as much as she could. Her kids started in community college and graduated from UMD. One of them went on to Johns Hopkins.

2. You are also stupid financially. Forcing them to go into debt and then paying off part of it means you are paying interest on something that could have come with zero interest.

It's both dumb and cruel. Seriously. What were you thinking?
[/quote]

+1. Skin in the game is not rich people thinking.[/quote]

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