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College and University Discussion
Reply to "Allowance for College Students"
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[quote=Anonymous][quote=Anonymous]DD lives off campus this year. We pay tuition, rent and books. She has a job and pays for all other expenses, including food. Last year we gave her $250/month.[/quote] That's funny. When I was in college, my parents paid tuition, rent and food. I had to pay for all other expenses including books. And to pay for tuition, my dad opened a joint checking account with his and my name on it. He would deposit the tuition money the week before registration and I would pay the tuition. They wanted me to understand how much they were spending on my education so that I would have a better understanding of the consequences. I think it helped me be more responsible in school. That's also how they would get my monthly money to me. Dad would deposit money, tell me how much and I would write a check from the joint account to my personal account. I had an allowance through junior high. I had jobs in high school and college. We'll probably do the same with our kids.[/quote]
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