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Reply to "If your parents paid for your college and/or home …"
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[quote=Anonymous]To the OP, your question has odd phrasing. I want to preface this by saying I graduated from college 34 years ago, things are very different today. Four years at VT as an out of state student cost my parents $40k. They paid for my college, but the expectation from them was I would go to college. I would graduate in 4 years. I would get a degree which would translate to a job on graduation. They held up their end of the bargain (paying for school) and I held up my end of the bargain. My parents, who are still alive, would tell you that $40k was money well spent. And yes, I still see my parents regularly. I help them when they need help. They don’t need financial help, luckily. The fact I see them has nothing to do with them paying for college. Being a parent is not transactional. It’s about doing the best you can with the resources you have. Unfortunately I was not able to financially pay for all of my child’s college education, but we helped them as much as possible and they graduated with approximately $30k in debt and we paid about 80k plus living expenses. [/quote]
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