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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My kid just negotiated with us to set aside the amount of her merit aid at a “lesser” school and give it to her for a house down payment after she graduates.  We were prepared to be full pay, so why not.  I think it’s a solid plan and smart in her part.  So, yes, I’m ok with a lesser school for no debt and having almost 90k toward a house payment.[/quote]

A 17 year old told you they want a house? I find that hard to believe. Is this in writing? A lot can happen to a family’s finances over the next 4-8 years or whenever she wants a house. And when the time comes, mom and dad may have to fess up they blew the money on a new kitchen appliances and a boat. But hey, easy to justify because it was their money anyways.[/quote]

Yes.  She did.  My kids are both super practical.  We will likely out the money in a brokerage account in her name.  That’s why we did with some money that had been set aside for her sister for a car that she does not want.  Both of my kids already have brokerage accounts and savings accounts.  We would never blow money we promised her.  [/quote]

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