Reply to For full-pay families: how much do you ask your DC to pay for?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I will fully pay for all three of my kids and ask them to contribute nothing. This is what my parents did for me - and they weren't rich (I am). I clearly remember being filled with gratitude all through college as I watched friends do work study programs and take loans - I did not take it for granted at all that I did not have to contend with those things thanks to my parents' commitment to pay for everything for me.

I respect people who want their kids to have skin in the game and who require them to contribute to the cost of their education. For me personally, I feel it's my responsibility to cover all costs for my kids because a) I can easily afford it, b) they're good kids and c) I want them to have a head start in life.[/quote]

Same!

We pay for everything.  Kids have summer jobs and they put those into Roth IRAs.

But you do NOT have to have "skin in the game" to be grateful and successful.  Our kids see their friends who have to struggle to pay for things and upon graduation, spend the next 10+ years paying the loans, while my kid has no debt.  They greatly appreciate the fact that college was paid for and they were able to start saving for retirement early. [/quote]

+2 same my parents paid for college as long as it was in-state (or would give me the equivalent towards private and I’d have to pay the rest). It’s what they could afford for all 3 of us with no loans for us. We always had summer jobs. My dad explained loans and finances and why it would be wise not to have any loans w/ interest rates, etc. I am forever grateful for that and paying for my wedding too.

I pay in full for both kids’ private colleges. They also have Roth IRAs where most of the $ they earn in summer jobs goes. They also use some of it for their own spending. They have had summer jobs since 10th grade and were mowing lawns for $ since middle school. This summer the oldest has a [b]funded research gig abroad.[/b] He won’t be getting a salary, but all of his costs are covered by it. So not “working” this summer.[/quote]

Those are rare and a huge boost to the resume congrats![/quote]

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