Reply to Appropriate Allowance for Freshman in College

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[quote=Anonymous]We thought we will be full pay @ a private college (350k HHI), but kid is going on full tuition on merit in in-state flagship. All in all,  it’s gonna cost us  a few thousand a year for incidentals and meals. What allowance we will give our kid? I guess up to 1K will be the limit.

What will we pay for?
- new car, insurance, gas, maintainence
- clothes, gear
- tutoring or counseling help
- vacations and trips abroad
- meals, supplies
- socializing, entertainment, transportation 
- access to Amazon, Costco, Uber, Starbucks, PayPal, Kohls, Macys accounts. 
- on our medical insurance, electronic subscriptions, data plan,  Loyalty programs etc

There are a few reasons for why we are funding him in this manner…
- kid is responsible, STEM nerd, bright, frugal and driven
- family culture is supportive, close knit and functional so the kid is similar.
- friends are also similar and while they seek out new experiences these are responsible kids
- we are not incurring large college expense thanks to the hard work this kid put  in and earned merit aid
- kid does not have any destructive habits and is careful in who he hangs out with. He has a tribe and they are really good kids with bright future.  
- we can afford a lot more than what we are giving this kid.

I am sure that not every kid is like this, but there are many  kids who make good decisions and do not have angst. If parents can afford to give them extras, why not? We are not parents who have bribed colleges to take our kids. They have gotten in through their own hard work and they are intelligent enough to understand what is at stake in their college life. We are here to support them and within reason we are willing to ease their way through material support.

Yes, they are being rewarded primarily for theirgood choices, good goals and good character…AND because we can afford to do so.[/quote]

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