Reply to Just Curious: Post if you have a Masters, Law or MD and your parents did not pay for college

Forum Index » Private & Independent Schools

Reply to "Just Curious: Post if you have a Masters, Law or MD and your parents did not pay for college "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I am not saying that parents should not help. I am saying that an 18 year old should not be given a free ride.

It was the 1980's so I don't exactly remember all the specifics but I do know that my father said "you can get a loan if I don't declare you as a dependent". My dad did not make a million a year but he made enough that I could not get a loan if he declared me on his taxes.

He did not cosign the loan.

I was a GS-4 working for the Federal Government. I made about $8/hour - which I thought was like a milliion dollars. I worked on campus during the school year making I think $5/hour.

My parents gave me $100/month for food, paid for healthcare (which my dad said would basically only pay for saving my life - Obamacare fixed that though), I used the campus health clinic, I was given a 15 year old car to drive and my parents paid the insurance. I lived off campus because it was much cheaper.

I am not saying that my parents did not help, they did. They just did not give me a free ride.

I think when an adult child is invested in making these decision and is responsible for funding some of their decision they learn from that. (I think there was a whole thread on this in the Off Topic forum last year.)

My teenager will work this summer. He needs to pay for things he wants. If he wants a college education he needs to pay for some of it.

[quote=Anonymous][quote=Anonymous]And I think kids should be invested in that education decision. So many of my friends who got a free ride just stayed in school until their parents cried uncle, or did nothing with their degree.

I think if kids have to al least pay something they look at it in a more responsible way.

[quote=Anonymous]
Well, OP specifically asked what those of us with wealthy parents did and I responded. I honestly think parents should pay for a kid's college or not have so many kids.

[quote=Anonymous][quote=Anonymous]No, my parents didn't pay one single dime and we had 8 kids. Nor did we qualify for a dime of aid since my dad was a lawyer. I am a lawyer and I went to a state undergrad and state law school. Paid it all myself...husband had a multi-millionaire dad who paid zero. He went to a state undergrad (where we met) and private for MBA. We only had one kid so we could pay everything for them. We didn't want our kid to go thru what we did.[/quote]

I wonder if your dad was not a lawyer and your husband's father was not a millionaire if you would feel this way. "go thru what we did".

My parents did not have money so "what I went thru" was tough but I would not categorize it as something I don't want my kids to go thru. 
[/quote][/quote][/quote]

Again, please explain how you got the loans for college without a co-signer. Your post does not address that. I assume that as I 17 year old, you would have earned the minimum wage. For me, coming up with the $500/mos in rent was intimidating enough as a 17 year old earning minimum wage.

Yes, I managed to complete one undergrad degree, by waitressing and going to a city school, but not at the IVy that had recruited me for my sport( Ivy's do not offer scholarships for athletics). I was denied loans for grad school every where that I applied due to no assets, no credit history. That has affected my earning potential. How ironic that now, PP's on other threads assume that I am "gaming the system" by getting FA for my DC to Private ( on account of having met my parents)
[/quote][/quote]

LOL, I'd like to see an 18 year old today pay for college and their housing earning $8/hr gross ( what is that $6/hr after taxes), and oh, yeah $100/mos for food. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics