Reply to Would you pay for grad school (or at least help out) in this case?

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Reply to "Would you pay for grad school (or at least help out) in this case?"

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[quote=Anonymous][quote=Anonymous]
 Funny, we paid for our oldest to go to Notre Dame while the other went to a private school one year that was too easy so transferred back to a top state school.  Without saying so we did  help her out in graduate school years with purchase of a basic car which did even things out more or less.  She chose BU for a well regarded professional grad school program and owed $55,000 which she paid off down to $7,000 in eight years+ years including marrying, getting a first home and having two kids all from her paycheck and wanted to continue when DH wisely said just to get rid of the debt.  Meanwhile our oldest daughter was mostly funded at a top other state school in her field and owed maybe $20,000 and while three years ahead in school finally paid of her little balance while earning a lot more.  We actually did pay just about the same for both girls weddings since in our home town, same location and similar vendors.  [b]The key is often not what is offered as much as whether the college student/young adult learns how to handle money.[/quote][/b]

I agree with the PP.  I think I would have either set things up so there is x amount of money that can be used for undergraduate and grad school and allow them to make a decision about how it spent between the two, so there is incentive to get scholarships, go cheaper for undergrad  etc. if they think it worth debt free/low debt for grad school OR make an offer like they could live at home for a year afterwards to save money to help pay off the grad school debt.  There are also other smaller things like paying car insurance or helping out with the rent that still makes your child responsible for the debt of going for this grad degree and having the responsibility to get a job to pay it off but it doesn't make things quite as tough as if they had to pay for everything themselves.[/quote]

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