Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just to say the obvious, if wealthy parents aren't expected to pay then who exactly does pay?
And don't get started on a 500k income and 5 mil net worth isn't wealthy.
I guess parents can also make loans themselves.
Those parents are saving that money for their OWN retirement. A 22+ adult is an adult and you cannot expect or force a parent to pay for that.
I get undergrad but after that an adult is an adult
We paid for our kid's medical school. Absolutely no regrets. We didn't want to see our kid 500k plus in red by the time they finish the fellowship.
We would pay as well, because we can afford it. But fact remains most families CANNOT do that. Most kids leave undergrad with debt and parents cannot/do not help with graduate/professional school. Do you want future doctors to only come from rich families? Because many "could afford to help some" but instead smartly choose to prepare for their own retirement. Fact remains a 22+ yo is not the responsibility of their parents. they are an adult and you should not consider parental worth when applying FA.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just to say the obvious, if wealthy parents aren't expected to pay then who exactly does pay?
And don't get started on a 500k income and 5 mil net worth isn't wealthy.
I guess parents can also make loans themselves.
Those parents are saving that money for their OWN retirement. A 22+ adult is an adult and you cannot expect or force a parent to pay for that.
I get undergrad but after that an adult is an adult
We paid for our kid's medical school. Absolutely no regrets. We didn't want to see our kid 500k plus in red by the time they finish the fellowship.
We would pay as well, because we can afford it. But fact remains most families CANNOT do that. Most kids leave undergrad with debt and parents cannot/do not help with graduate/professional school. Do you want future doctors to only come from rich families? Because many "could afford to help some" but instead smartly choose to prepare for their own retirement. Fact remains a 22+ yo is not the responsibility of their parents. they are an adult and you should not consider parental worth when applying FA.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Just to say the obvious, if wealthy parents aren't expected to pay then who exactly does pay?
And don't get started on a 500k income and 5 mil net worth isn't wealthy.
I guess parents can also make loans themselves.
Those parents are saving that money for their OWN retirement. A 22+ adult is an adult and you cannot expect or force a parent to pay for that.
I get undergrad but after that an adult is an adult
We paid for our kid's medical school. Absolutely no regrets. We didn't want to see our kid 500k plus in red by the time they finish the fellowship.
Anonymous wrote:Anonymous wrote:Just to say the obvious, if wealthy parents aren't expected to pay then who exactly does pay?
And don't get started on a 500k income and 5 mil net worth isn't wealthy.
I guess parents can also make loans themselves.
Those parents are saving that money for their OWN retirement. A 22+ adult is an adult and you cannot expect or force a parent to pay for that.
I get undergrad but after that an adult is an adult