Reply to Did your parents (step or otherwise) pay for your college? Will you pay for your kids?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

point is, I'd rather give $200K in tuition payments to a 21 year old than an 18 year old.  [/quote]

then you have immature 18 year olds.

I was in college at 17 and done by 21.  Graduated with honors.  Moved out of my parents house immediately.  Went to grad school PT on my own dime at 24.

You're just extending the length of time you are supporting them.  Or you're making them the property of the gov't, who has the right to send them at a young age into the line of fire on a whim.

[/quote]

Also, I think it's better for a lot of kids to have continuity in learning-  it doesn't work well for some to just "take off" a few years and then jump back into school.  Subjects like math build on previous knowledge, and if you suddenly have four years between senior year of high school pre-calc and university calculus, well, that's tough.

My parents didn't have much saved for my sisters and I- I don't fault them as i know they did the best they could on their income.  Tuition also increased a lot in the time we were growing up.  My one wish was that they guided us a bit more on the reality of taking on so much student debt- and that they hadn't taken out so much in parent loans themselves (which they would never have been able to pay back without our help).  I'm 34 and finished paying off the loans (mine and theirs) last year but my younger sister has a long way to go and is a teacher.

So my goal is to have enough saved for a 4-year public college, but also to instill the kids with a greater dose of reality/financial responsibility.  I felt like my debt really tied me down for many years and I don't want that for my kids.[/quote]

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