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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Law/med/any grad school/Phd/MBA

We will pay for all.  Not super rich but we have lived a frugal lifestyle to give leg-up to our kids.  Education is on us. [/quote]

Well, good for you and it's your money but it's also stupid.  You can give your kids a "leg up" in plenty of other ways.  You don't have to pay for every cent of a decades long education to do it.[/quote]

But if you can afford to do so (or help) why wouldn't you?  Some of us value education and have planned to assist our kids [/quote]

Flip question: If you can afford do support your adult child, why wouldn't you? Why wouldn't you pay for their housing, clothing, food, etc.? Why would you ever expect your adult child to support himself, if you can afford to support them?

Many folks think it's important for adult children to learn to stand on their own feet. There's different places you can draw the line. One reasonable place is grad school. [/quote]

This point is very context-specific.  If you already have $20m or more, short of a personality disorder or some other unique issue, you will pay for your kids' graduate, professional, or law school.  You may not give them money for things like clothing, but you will provide them with the best education they can, so they can crush it when they stand on their feet.

My parents did this. I'm pretty sure they're over the estate tax limit, as they're starting to give more to charities, but they've never given us cash gift like some people on here are describing, ever (though they contributed $10k per kid toward our weddings) because they are philosophically aligned with you that kids should struggle a little in their twenties so they can feel that their success was earned; however, paying for our all of our school was a no brainer.  My siblings and I all went to good graduate-level programs, started our careers with no debt, maxed out our 401ks beginning with our first paycheck, and each bought our first home in our late twenties with no down payment assistance, etc.

Now, if you're networth is $5m or less, I can understand why you're asking this question.  Supporting kids in grad school shouldn't risk your retirement or ability to cover your end-of-life care costs.  [/quote]

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