Reply to Did your parents (step or otherwise) pay for your college? Will you pay for your kids?

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[quote=Anonymous]I was lucky to get a full scholarship for undergrad and partial scholarships for grad school and I paid for the rest with money saved up from jobs.

My parents could NEVER have afforded college. We were on the brink of poverty for almost my entire childhood. We qualified for free school lunches, for example. (My mom made my lunch instead).

Having grown up this way, I feel like I want my child to learn how to think about money way ahead of time and save for things that she someday wants. We will likely not be able to pay for her college, but I would contribute any amount I could and would pay for it in full if I could.

For me the issue would be not who paid for the degrees, but are the degrees beneficial and is the student motivated. I was not any less motivated because I got a performance scholarship and a merit gpa based partial scholarship. I still feel that while I "earned" those I still was given a gift. I was super lucky and super appreciative.

Who pays for college degrees is just one of many factors that determine a persons future prospects and attitudes. I feel that maybe its worth treating these things on a case by case basis. Pay for a four year degree for an unmotivated student to get C's and party? I would hope not, but I know that happens. That I would not do. But if my kid was a serious student pursuing something that makes sense and makes her happy, and I could do it, I would do it.[/quote]

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