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Money and Finances
Reply to "Is it responsible to spend 90K/yr in education?"
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[quote=Anonymous][quote=Anonymous]I intend to tell my kids something similar - they have xyz to spend on college and if they spend less than that amount, they can be gifted the money for a home downpayment or to fund graduate school.[/quote] If more parents sat their 17/18 yo down, and explained finances it would be great. Show them what student loans mean when you graduate---what paying $100K-200K+ for an MBA/MS/Medical school/Law school means for the next 10+ years. Show them a budget for your city or a city they might want to live in. Let them see how much of their income will go to repayment. Then show how you can pya for state U and that grad school in cash (or whatever you can do). It's your job as a parent to help them not make stupid financial decisions at 18 [/quote]
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