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Reply to "Cost of a car and HHI/NW"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Do parents feel such an obligation to pay for college in other parts of the world? It strikes me as odd how often college money is the number 1 priority for a couple, even before their own retirement $$.[/quote] In other parts of the world, college is free or nearly free. We’re the only nation that allows are young and elderly to take out loans to afford $90k a year schools.[/quote] College is "free" but you pay 60-70% in taxes. I don't trust our government to utilize my tax dollars efficiently, so let's not go down that path. Also, most other countries limit who can attend college, quite often that limiting is done at age 10-12---don't make the cut then you don't have an easy path to college. Also don't make the cut then, and you will never major in STEM or premed as you wont get the needed classes in MS/HS. I prefer not to track kids at age 12---I like our system better. Besides, in the USA there are paths to cost effective college or close to free. Start with CC, even better start with CC while in HS and complete Dual entry and earn your AA degree with your HS diploma--only costs are typically transportation to/from the college campus and books. You can get your AA for less than $1K in book costs. Then go to a state school, most states have several that are less than $10-12K in tuition. Live at home if that's possible, because in "the rest of the world" most kids do live at home for college, they don't live in dorms or apartments. A kid can live at home, work all breaks and PT during the year and pay for most of the $10-12K tuition on their own...if parents help a bit there is no need for loans even. See, you can get a great education without attending a $90K/year school . In "other parts of the world" most kids do not get to attend an elite university---they go to whatever is local that they were tracked towards at age 12. [/quote]
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