Reply to Saving for college vs paying off house

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My family has been on earth thousands of years. My generation was first generation to go to college and all 4 of my widowed Moms kids paid themselves. Why do I owe paying for college to my kids? [/quote]

LOL. I think you are supposed to tell your KIDS that. Let us know how it goes. [/quote]

My old boss on Wall Street made his kids pay for own college. He had a five million a year salary. Tough love [/quote]

That's not tuff love. That's a selfish jerk who has no interest in his kids nor probably even parented them.[/quote]

Our  kids have a trust fund that can pay for 100% of college and grad school. We're not telling them it exists until they're much older.  We will be making them pay a portion of their college tuition and/or living expenses. We haven't decided yet, but maybe around 20%. If we think they didn't squander college, we'll have that "debt" erased.

I have found that kids that don't have skin in the game have a higher likelihood of squandering their opportunities.[/quote]
Love this idea![/quote]

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