Reply to Should step-parents be on the hook to fund college for step-kids?

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[quote=Anonymous][quote=Anonymous]My bio-dad made 140k when I went to college. I was an only child and he didn't pay for college. I got royally screwed with student loans. I kind of wish that I had waited until I turned 23 to go to college. Loans are terrible. [/quote]

Yes.   I paid my own way in college, but that was the late 80s, and working part-time paid it while I lived at home.   No loans.   A different world today.  I understand parents who think kids should work their way through.  I come from that background myself.    But the game changer is the loans.   They are crazy, and they kill (or at least seriously impeded) the ability to accumulate wealth over time, which is what we all counted on 30 years ago.    And nobody talks to 18 year old kids about the ramifications of loan debt....

To the extent parents can pay for college, I think they should.   But unfortunately there is going to be a generation or two where it's not planned for.

OP, you can chip in if it's that important to you.  I knew my brother and his wife didn't prioritize college, either.  I started a 529 fund for my nephew.    It's never going to pay the whole thing, but it will help.[/quote]

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