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College and University Discussion
Reply to "Make our kids take loans and pay them at the end as surprise, good idea?"
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[quote=Anonymous][quote=Anonymous]Just say how many years of college you'll pay for or whatever amount you are willing/able to pay. A friend's parents told her that they would pay for four years of college. She went to a junior college for a year then transferred to a four year and before her senior year, her parents reminded her they had paid for four years. She took out loans to pay for her final year.[/quote] Wow, I guess we cannot choose our parents. There are lots of families living large that have no college savings so not sure how kids would know. I would suggest having them take the subsidized loan and let them know that if they achieve something (college degree in 4 years, certain GPA, some standard that seems reasonable to you) that you will pay them off. That is skin in the game up front without manipulation. [/quote]
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