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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If DC goes to a professional school, it's easily financed and  will/should pay for itself. Why would a parent pay for an MBA/JD/MD when the whole point is to get a job that will pay big dividends? If he decides to take a socially redeeming job afterwards, we could always help with loan repayments.

If DC chooses academia/PhD program, he'll get paid to go, but not enough to live very well. So I'm sure we'll slip spending money his way. But, that's small change and doesn't require 18 years of financial prep. [/quote]

I think it depends.  I have an employee who is headed to Ross (Michigan) for his MBA in the fall.  He makes $115k + 20% bonus.  For him, I suspect it is more about the experience and finding a job he loves, than about a $200k+ paycheck.

There's also a question of timing.  New MBA grads often get decent sized paychecks, but they aren't huge (look at averages).  If you're trying to buy a house and pay for daycare, things can still be tight repaying $100k+ in loans.  [/quote]

NP, here - I fully funded my MBA (although I did get some grants and scholarships). It's truly not that hard to pay back loans if you are earning a decent salary. Sure we couldn't do everything we wanted right away but that is not exactly suffering. Both my kids graduated from college completely debt free but if they want to get a professional degree they will need to pay for a good chunk of it like I did. I don't think it's reasonable to expect kids to fund undergrad, but totally reasonable to expect them to have skin in the game for grad school.[/quote]

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