Reply to Finances and family size

Forum Index » Money and Finances

Reply to "Finances and family size"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Unreal!  I have 4 kids with HHI of 180K, and we are living just fine.  People on this forum are unrealistic.  [/quote]

What are your plans for paying for college?  Do you live in DC or close in suburbs?  [/quote]
Not to derail completely, but why does everyone on DCUM think that their snowflakes are entitled to a completely parent financed college education?  This was the exception and not the rule when I was in school and most of us worked part-time or had odd jobs around campus to help pay for expenses.  Not knocking it, but not every kid is college material either so just curious why everybody seems to think that it's mandatory to be able to pay for a full 4-5 years of private school living on campus.[/quote]

Probably because it is so expensive. It is estimated to cost ~100k a year when my 3 yo is 18. Even if you paid for half and the kid covered the rest in student loans, that would be a crippling debt load to start out with in life. Do you want your kid to be 200k or more in the hole at age 22?[/quote]

I don't think anybody wants that, but I'm not sure the best solution is for parents to foot the entire bill.  I assume, given a long enough timeline, that a bachelor's degree will become out of reach for most middle class children because their parents won't be able to afford to pay for it and the students themselves will be unwilling to shoulder the debt load when it becomes as large as a mortgage in most places.  I suppose those children will enter the trades or military and we'll see lower college matriculation rates.  A corollary that I would never have predicted are the rise of the pseudo-colleges (SNHU, Phoenix, etc.) that have graduation rates that are below 20% (lower than their student loan default rates!).  I would have expected these to go away once people figured out what they really are, but they apparently are here to stay (kind of like educational title loan places).
[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics