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College and University Discussion
Reply to "For full-pay families: how much do you ask your DC to pay for?"
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[quote=Anonymous]We’re covering tuition & room & board. Kid will use his summer job money, graduation gifts, and local scholarships to cover any spending money beyond that. So far he should be more than okay for first year at least — not sure if local scholarships will be as available beyond first year but hopefully he can get a better paying internship next summer. Honestly, the kid doesn’t spend much so if he was really broke, or needed money for new clothes because he outgrew old ones (how is he still growing?!?) I’d probably cover him. But I think he’ll be fine. Tempted to put the equivalent of his job earnings into a Roth IRA for him as a surprise gift, but also worried about future cost of grad school / med school. Can he withdraw from a Roth for that? (Yes I should google that …)[/quote]
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