Reply to s/o Is everyone on DCUM planning to pay for their kids college?

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[quote=Anonymous]DH and I received no help from our parents, not because they were unwilling but because there were no funds available. One of us got a full academic scholarship, one took out heavy loans; we both went into debt for phases of graduate school. It was all worth it, because we now work in satisfying and well-compensated fields. Basically, we clawed our way into the middle class.

This is also how I know what a burden large student loans are. We manage ours, but they pushed to to have children later, to pick a smaller home, and numerous other adjustments.

If at all possible, we will cover our child's college expenses in full in order to ensure that he graduates without loans. It would give him a foot up that we didn't enjoy. That's how economic mobility works, right? We may not be able to cover every possible choice he could make. But I think it's reasonable for him to expect his parents to at least have the cash on hand for the state university system. If he got into a really wonderful program costing 60k, I'd certainly try to find the funds.

I do like the suggestions upthread to make sure students have some skin in the game, or enough life experience to understand the value of their tuition. But not at the cost of crippling debt, if debt can be avoided. Ideally, the "skin in the game" would be commitment to working hard, however, not to taking jobs strictly to pay the bills. Better to select the activities, part-time jobs, and summer internships that are most strategic.

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