Reply to People with kids in college or professional/grad school: Which expenses do you pay for?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents paid 1/3 of official college bills (so nothing when I moved off-campus) and nothing after.  They thought it would build character.  It built something, alright - the inability to take non-paying internships related to my field because I had to work, and a mound of debt (even at a state school) that I still have to this day.  It also instilled in me the (bad) decision to go to a lower ranked/more affordable graduate program when I would have been much better paid had attended the higher ranked/more expensive programs.  Thanks, parents.  I will not make the same mistakes with my children.[/quote]

Bitterness is bad.   Get over yourself.  They owed you nothing for college.[/quote]

Sounds like the person probably made a bad choice of major. Any major worth paying for is going to have internships that pay.[/quote]
Not true at all depending on the school. For a lot of the more prestigious universities almost all aid is tied to your family’s finances and if you receive scholarship money and are financial aid they reduce your grant amount from the school by your scholarship amount. I went to an ivy and was on financial aid and graduated with no loans. I had a friend who received a scholarship for her STEM major and they just reduced her aid amount. Similarly, I had another friend whose parents refused to pay but because they were high income he was unable to get any grant money and graduated with a sizable chunk of loans. He was also an Econ major and worked in investment banking over the summer. That internship is not enough to cover tuition. And frankly I can’t imagine any summer internships that an undergrad could get that would be able to match the $80,000 k/year cost of attendance.

Also how would you get a paying internship for your major for going into your freshman year?

It’s fine you don’t think parents need to pay but no need to spread misinformation. [/quote]

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