Reply to 3 kids under 5. How will I educate them?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Tell them they will pay for their schooling. Why is that such an awful responsibility? There are many people, including myself, whose parents were not able to contribute anything to college. We were still able to work hard, graduate, and move on to professional degrees. Really people, your kid will be an adult and will be able to work for his schooling. Not ideal, but absolutely doable. [/quote]

+1
I paid for my own education and have done quite well.  My parents had three kids under five and told us early on that we would all go to college, but we would all pay for it ourselves.  My parents gave me $500 each year that I was in college (grand total $1500) -- I graduated a year early by taking as many credits as I could handle each semester.  I worked a part-time job and got merit scholarships for my second and third years of school.  I went to a state school and graduated almost debt free.  [b]Granted, this was 25 years ago.  [/b]

I also paid for my own graduate school. [/quote]

There is no comparison between what you did 25 years ago and what a student with the same profile can do today.  None.

See the Atlantic article linked above.[/quote]

Right. Except that OPs kids are not doing it today, either.[/quote]

PP who posted that here.  Agreed.  Neither are mine (16yo and 13yo).  DH and I have saved about $250K for both of them.  We are super-focused on this precisely because of what the Atlantic article points out - the economics of higher education make it impossible for them to pay their own way.

We will expect them to contribute to their expenses, but not to pay their own way because that is impossible without huge loans.  We do not want them entering adulthood with education loans greater than whatever their starting salaries will be.[/quote]

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