Reply to Would you make your DC go to a college you worked at because its free?

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[quote=Anonymous]Ha ha ha, PP. So you pay $50k a year to appease the child? Whatever. I'm confident my kids will understand finances enough to make smart choices. They definitely won't feel entitled to anything (despite the fact that we are solidly upper middle class). And they will understand our financial situation as a whole....because I will explain it to them. DH and I will one day need to retire, and might even need nursing homes, etc down the road....so we are definitely NOT footing the bill so a kid can turn down a full ride. If we have to pay, then of course we will pay for a school that we can afford.

PS - ditto for grad school. And I won't encourage my kids to take out loans. I have so many lawyer friends who graduated $200k in debt (bc I went to undergrad in state and my parents could afford it, I only had to take out a small loan for in state tuition at law school....made a big difference in my current financial security).

Teach your kids now about the importance of making smart choices when it comes to spending money.[/quote]

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