Reply to Is there any empirical evidence on whether kids who must pay part of own college costs do better?

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Reply to "Is there any empirical evidence on whether kids who must pay part of own college costs do better?"

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[quote=Anonymous]I haven't researched empirical evidence, but I can offer my personal experience.  My parents did not save anything for my college education and were going through a bankruptcy when I graduated from high school, so did not contribute to my undergraduate education.  I paid my way through a private university with minimal loans with an ROTC scholarship, private merit scholarships, and part-time work (although my job allowed me to study while working).  This did mean that I was obligated to serve in the military as an officer, which was not my dream career, but has been a good stepping stone to other opportunities.  Overall, I had a positive experience, and believe I learned to manage money and time well.

That said, DH and I are saving for our children's college educations.  While I don't expect to be able to fully fund private university tuitions plus room/board, I would like to be able to help significantly and hope they are not burdened by astronomical loan debt.[/quote]

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